Showing 1 - 10 of 1,964
transfers to the Visegrád countries is estimated at least at 0.12%, thus partly offsetting the net contributions paid by Austria … to the EU budget (which stood at 0.31% of Austria's GNI in 2019). Given strong cross-border spillovers of fiscal policy … measures and historically low interest rates, the governments of the Visegrád countries and Austria (and Germany) should be …
Persistent link: https://www.econbiz.de/10012432243
the generality of this result w.r.t. size and persistence of the shock, size of the government spending multiplier, and … spending on economic recovery. -- deficit spending ; government spending multiplier ; economic recovery ; economic ; growth. …
Persistent link: https://www.econbiz.de/10003857658
the generality of this result w.r.t. size and persistence of the shock, size of the government spending multiplier, and …
Persistent link: https://www.econbiz.de/10013156649
Persistent link: https://www.econbiz.de/10010251773
This paper estimates the macroeconomic effects of government spending shocks in New Zealand. Using a structural vector autoregression (SVAR) model, I find small output multipliers for government consumption but large multipliers for government investment. Importantly, the real exchange rate...
Persistent link: https://www.econbiz.de/10012548884
An n-variable structural vector auto-regression (SVAR) can be identified (up to shock order) from the evolution of the residual covariance across time if the structural shocks exhibit heteroskedasticity (Rigobon (2003), Sentana and Fiorentini (2001)). However, the path of residual covariances is...
Persistent link: https://www.econbiz.de/10011926201
This paper studies whether changes in the composition of public spending affect the macroeconomic consequences of fiscal consolidations. Based on a sample of 44 developing countries and 26 advanced economies during 1980-2019, results show that while fiscal consolidations tend to be on average,...
Persistent link: https://www.econbiz.de/10014516596
the generality of this result w.r.t. size and persistence of the shock, size of the government spending multiplier, and …
Persistent link: https://www.econbiz.de/10010270052
multiplier effects of shocks to net-revenues, taxes, social security contributions and benefits in a proxy SVAR framework …). We find multiplier effects of net-revenue components for Germany between 0 and 1 for both the top-down and bottom …
Persistent link: https://www.econbiz.de/10011477467
This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal...
Persistent link: https://www.econbiz.de/10012782496