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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

Rethinking fiscal policy : lssons from the European Monetary Union (EMU)

Saraceno, Francesco - 2017

Persistent link: https://www.econbiz.de/10011793474

Using military build-ups to capture fiscal shocks : a reassessment

Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - 2014

Ramey (2011a) and others argue that increases in government spending associated with wars and military build-ups constitute a good instrument for measuring the macroeconomic effects of fiscal shocks. We argue that this instrument has two important drawbacks: the composition of government...

Persistent link: https://www.econbiz.de/10010256126

Natural disasters, government spending, and the fiscal multiplier

Fidrmuc, Jan; Ghosh, Sugata; Yang, Weonho - 2015

We estimate the fiscal multiplier associated with shocks to government spending. We consider increases in government … is reflected in the value taken by the fiscal multiplier. This result is obtained when we identify fiscal shocks by the …

Persistent link: https://www.econbiz.de/10011406560

Cross-region transfers in a monetary union : evidence from the US and some implications

Pennings, Steven - 2020

tended to grow faster contemporaneously, with a multiplier of around 1.5 for permanent transfers and 1/3 for temporary …

Persistent link: https://www.econbiz.de/10012241154

Konjunktur für den Klimaschutz? : Klima- und Wachstumswirkungen weltweiter Konjunkturprogramme

Klepper, Gernot; Peterson, Sonja; Petrick, Sebastian; … - 2009

Konjunkturpakets. Nach Schätzung zweier Berater von Präsident Obama liegt der Multiplikator für den Output deutlich über 1 und …- proportionaler Multiplikator (1,03), in den Jahren 2010 und 2011 sinkt der Multiplikator auf 0,61 bzw. 0,44. Diese Schätzung geht … Multiplikator- wirkung, sondern beinhaltet vor allem die Frage wie das langfristige Wirtschaftswachstum beein- flusst wird. Ein …