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Opening the red budget box : nonlinear effects of a tax shock in the UK

Colombo, Valentina - 2020

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

The effectiveness of fiscal policy within business cycle : Ricardians vs. non-Ricardians approach

Krajewski, Piotr; Szymańska, Agata - In: Baltic journal of economics 19 (2019) 2, pp. 195-215

This study aims to measure the impact of the share of non-Ricardian households on fiscal multipliers. We show that the share of non-Ricardian households in Hungary increased significantly after crisis began and explain why the plausible reason for this increase is the higher level of liquidity...

Persistent link: https://www.econbiz.de/10012123344

The government spending multiplier at the zero lower bound : evidence from the United States

Di Serio, Mario; Fragetta, Matteo; Gasteiger, Emanuel - 2020

We estimate state-dependent government spending multipliers for the United States. We use a Factor-Augmented Interacted Vector Autoregression (FAIVAR) model. This allows us to capture the time-varying monetary policy characteristics including the recent zero interest rate lower bound (ZLB)...

Persistent link: https://www.econbiz.de/10012209159

A Pitfall with DSGE-Based, Estimated, Government Spending Multipliers

Fève, Patrick - 2012

This paper examines issues related to the estimation of the government spending multiplier (GSM) in a Dynamic …

Persistent link: https://www.econbiz.de/10013106526

Cyclical Variation in the Government Spending Multipliers : A Markov-switching SVAR Approach

Lyu, Yifei - 2019

spending multipliers. We show that the multiplier values are statistically larger during recessions than during expansions …

Persistent link: https://www.econbiz.de/10012900667

Government spending and durable goods

Boehm, Christoph E. - 2016

This paper shows that the fiscal multiplier for purchases of durable and investment goods is very small - much smaller … than the multiplier for nondurable goods. Standard models predict small durables multipliers because private sector …

Persistent link: https://www.econbiz.de/10011573302

Government spending multipliers in (un)certain times

Fritsche, Jan Philipp; Klein, Mathias; Rieth, Malte - 2020 - This version: September 15, 2020

a Markov switching process. We find that the average government spending multiplier is significantly and persistently … inversely to their error variance. We then show that the multiplier is signiﬁcantly smaller when volatility is high, consistent …

Persistent link: https://www.econbiz.de/10012289271

Time-Varying Fiscal Spending Multipliers in the UK

Glocker, Christian - 2018

We study fiscal spending multipliers of the UK economy using a time-varying parameter factor augmented vector autoregressive (TVP-FAVAR) model. We show that government spending multipliers vary over time and that most of the variation is cyclical: multipliers are typically above one in...

Persistent link: https://www.econbiz.de/10012932638

Economic inequality and the size of government expenditure shocks : an empirical exercise

Senekovič, Marko - In: Naše gospodarstvo : NG 70 (2024) 4, pp. 1-11

Empirical literature explains the heterogeneity of fiscal multiplier estimates through the analysis of various cyclical …

Persistent link: https://www.econbiz.de/10015182958

Multipliers of taxes and public spending in Colombia : SVAR and local projections approaches

Restrepo-Ángel, Sergio; Rincón Castro, Hernán; … - In: Latin American journal of central banking : LAJCB 3 (2022) 3, pp. 1-22

a spending multiplier around unity when the economy is in an expansionary phase. The spending multiplier is greater and …. The tax revenue multiplier is negative and much smaller in magnitude than the spending multiplier. The results are robust …

Persistent link: https://www.econbiz.de/10013393435