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Fiscal space on the Eurozone peripery : the case of Spain
Uxó González, Jorge; Álvarez Peralta, Nacho; … - 2017
On the one hand, every official document about fiscal policy in Spain, and most orthodox academic papers argue that … Spain has no "fiscal space" and that it should apply resolute actions to assure budget consolidation. On the other hand …, Spain also had the second highest unemployment rate in the Eurozone in 2015: 21% of the active population. A rapid decline …
Persistent link: https://www.econbiz.de/10011595916
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Economic role of government budget revision in the presence of COVID-19
Shahini, Ledjon; Grabova, Perseta - In: Economies : open access journal 11 (2023) 4, pp. 1-14
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
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Fiscal Multipliers in Recessions and Expansions : Does It Matter Whether Government Spending is Increasing or Decreasing?
Riera-Crichton, Daniel - 2014
decreases, the "true" long-run multiplier for bad times (and government spending going up) turns out to be 2.3 compared to 1 … fact that the multiplier for recessions and government spending going down (the "when-it-rains-it-pours" phenomenon) is …
Persistent link: https://www.econbiz.de/10011396274
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The discretionary fiscal effort : an assessment of fiscal policy and its output effect
Carnot, Nicolas; Castro, Francisco de - 2015
Persistent link: https://www.econbiz.de/10010516733
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Assessing the impact of fiscal shocks on output in MENAP countries
Cerisola, Martin; Abdallah, Chadi; Davies, Victor; … - 2015
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
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Fiscal austerity in ambiguous times
Ferrière, Axelle; Karantounias, Anastasios G. - 2016
How should public debt be managed when uncertainty about the business cycle is widespread and debt levels are high, as in the aftermath of the last financial crisis? This paper analyzes optimal fiscal policy with ambiguity aversion and endogenous government spending. We show that, without...
Persistent link: https://www.econbiz.de/10011446558
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Fiscal Multipliers in Recessions and Expansions : Does it Matter Whether Government Spending is Increasing or Decreasing?
Riera-Crichton, Daniel - 2017
decreases, the "true" long-run multiplier for bad times (and government spending going up) turns out to be 2.3 compared to 1 … fact that the multiplier for recessions and government spending going down (the "when-it-rains-it-pours" phenomenon) is …
Persistent link: https://www.econbiz.de/10012972931
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A medium-sized, open-economy, fiscal DSGE model of South Africa
Kemp, Johannes Hermanus; Hollander, Hylton - 2020
Much of the research on fiscal multipliers has used reduced form modelling approaches. While these models have been extended to include richer controls and identification approaches, it remains unclear whether shocks identified capture the true structural shocks. An alternative way to identify...
Persistent link: https://www.econbiz.de/10012241962
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"Financial stability" safeguarding : modelling the Russian budgetary policy
Pilipenko, Andrey; Dikhtiar, Vasily I.; Baranova, Nina M. - In: International journal of economic policy in emerging … 12 (2019) 1, pp. 85-99
Persistent link: https://www.econbiz.de/10012022010
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Fiscal policy and aggregate demand in the USA before, during, and following the Great Recession
Cashin, David; Lenney, Jamie; Lutz, Byron F.; Peterman, … - In: International tax and public finance 25 (2018) 6, pp. 1519-1558
Persistent link: https://www.econbiz.de/10012033578