Narrow search
Showing 1 - 10 of 11,054
Cover Image
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
Cover Image
The analysis of budget rules and macroeconomic implications in several developed economies
Florin, Popescu Răzvan; Sergiu, Prodan - In: Budgetary research review : BRR 2 (2010) 1, pp. 60-91
The purpose of budget rules can be explored from the perspective of the expected results, obtained by their enforcement. On one hand, they are meant to improve or at least maintain certain levels of the budgetary deficit and public debt. On the other hand, they can help or limit the economic...
Persistent link: https://www.econbiz.de/10009611986
Cover Image
On fiscal multipliers : estimates from a medium scale DSGE model
Zubairy, Sarah - 2010
government spending shocks, using Bayesian techniques for US data. I find the multiplier for government spending to be 1.12, and …
Persistent link: https://www.econbiz.de/10008736093
Cover Image
Government spending shocks and the multiplier : new evidence from the US based on natural disasters
Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - 2012
, the expenditure associated with military build-ups affects primarily the defense sector so that the resulting multiplier … powerful instrument for identifying government spending shocks. Furthermore, we show that the multiplier pertaining to non …-defense government spending is higher than the defense-spending multiplier estimated in the literature using military build …
Persistent link: https://www.econbiz.de/10009683406
Cover Image
Government Spending Shocks and the Multiplier : New Evidence from the U.S. Based on Natural Disasters
Yang, Weonho - 2012
, the expenditure associated with military build-ups affects primarily the defense sector so that the resulting multiplier … powerful instrument for identifying government spending shocks. Furthermore, we show that the multiplier pertaining to non …-defense government spending is higher than the defense-spending multiplier estimated in the literature using military build-ups …
Persistent link: https://www.econbiz.de/10013097432
Cover Image
Expansionary and contractionary fiscal multipliers in the U.S.
Kapetanios, George; Koutroumpis, Panagiotis; Tsoukis, … - 2022
We estimate the fiscal (spending) multiplier using quarterly U.S. data, 1986-2017. We define government spending shocks …
Persistent link: https://www.econbiz.de/10013191269
Cover Image
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
Cover Image
Private debt overhang and the government spending multiplier : evidence for the United States
Bernardini, Marco; Peersman, Gert - 2015
Using state-dependent local projection methods and historical U.S. data, we find that government spending multipliers are considerably larger in periods of private debt overhang. In particular, we find significant crowding-out of personal consumption and investment in low-debt states, resulting...
Persistent link: https://www.econbiz.de/10010498604
Cover Image
Private Debt Overhang and the Government Spending Multiplier : Evidence for the United States
Bernardini, Marco - 2015
Using state-dependent local projection methods and historical U.S. data, we find that government spending multipliers are considerably larger in periods of private debt overhang. In particular, we find significant crowding-out of personal consumption and investment in low-debt states, resulting...
Persistent link: https://www.econbiz.de/10013024365
Cover Image
New Keynesian versus old Keynesian government spending multipliers
Cogan, John F.; Cwik, Tobias; Taylor, John B.; Wieland, … - 2009
estimated stimulus is extremely small with GDP and employment effects only one-sixth as large. -- Fiscal Multiplier ; New …
Persistent link: https://www.econbiz.de/10003887419