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caused by COVID-19. This study aims to assess the multiplier effects that budget revision has on the economy for the case of … appears that the budget restructuring that takes place during the year does not take into account the multiplier effect in the …
Persistent link: https://www.econbiz.de/10014318247
investment spending are 0.5, 0.8, and 1.1,respectively, while the tax revenues multiplier is estimated at around -0.4. There is …
Persistent link: https://www.econbiz.de/10011373729
Persistent link: https://www.econbiz.de/10010516733
This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government. One novelty of this paper is to integrate crosscountry effects of both changes in income distribution and fiscal policy. The model is used to estimate econometrically the...
Persistent link: https://www.econbiz.de/10011924544
Persistent link: https://www.econbiz.de/10011812008
We examine the effect of federal and subnational fiscal policy on aggregate demand in the U.S. by introducing the fiscal effect (FE) measure. FE can be decomposed into three components. Discretionary FE quantifies the effect of discretionary or legislated policy changes on aggregate demand....
Persistent link: https://www.econbiz.de/10011709630
Persistent link: https://www.econbiz.de/10012033578
consumption. The results suggest that the output tax multiplier is positive and above one (in absolute value) in recessions but …
Persistent link: https://www.econbiz.de/10012164687
Persistent link: https://www.econbiz.de/10012022010
The chapter contains a methodology for formalized evaluation of the public fiscal policy from the view point of its impact on the financial stability of a national economy using the example of the Russian Federation and taking into account the fiscal multipliers’ effects. The significance of...
Persistent link: https://www.econbiz.de/10015092052