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The Age for Austerity? Population Age Structure and Fiscal Multipliers
Kopecky, Joseph - 2021
austerity may arrive just in time to deal with looming debts, and suggest that more work to understand the mechanisms behind …
Persistent link: https://www.econbiz.de/10013311084
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The time for austerity : estimating the average treatment effect of fiscal policy
Jordà, Òscar; Taylor, Alan M. - 2014
After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on … the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty of identifying … novel approach, we show that austerity is always a drag on growth, and especially so in depressed economies: a one percent …
Persistent link: https://www.econbiz.de/10010463587
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Fiscal austerity and the multiplier in times of crisis
Müller, Gernot J. - In: German economic review 15 (2014) 2, pp. 243-258
Persistent link: https://www.econbiz.de/10010498693
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Fiscal Transparency and Economic Outcomes
Hameed, Farhan - 2006
This paper develops indices of fiscal transparency for a broad range of countries based on the IMF's Code of Good Practices on Fiscal Transparency, using data derived from published fiscal transparency modules of the Reports on the Observance of Standards and Codes (ROSCs). The indices covers...
Persistent link: https://www.econbiz.de/10012780697
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Output response to government spending : evidence from new international military spending data
Sheremirov, Viacheslav; Spirovska, Sandra - 2015 - This version: July 2015
in the previous literature based on U.S. data - we find that the pooled government spending multiplier is small: below 0 ….2. This estimate, however, masks substantial heterogeneity: the debtfinanced spending multiplier is larger and can be well … above 1 if monetary policy is accommodative. The multiplier is especially large in recessions and when the government …
Persistent link: https://www.econbiz.de/10011305775
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Fiscal stimulus and the extensive margin : conference paper
Lewis, Vivien; Winkler, Roland - 2013
Using VAR analysis on US data, we show that unanticipated fiscal expansions boost private consumption and business formation. Models with an extensive investment margin, i.e. endogenous firm and product entry, have difficulties explaining these two phenomena simultaneously. Considering different...
Persistent link: https://www.econbiz.de/10010339394
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Fiscal multipliers in a panel of countries
Contreras, Juan; Battelle, Holly - 2014
. Contrary to previous research, we find no strong evidence of monetary accommodation, a positive and larger fiscal multiplier in …
Persistent link: https://www.econbiz.de/10010402581
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Fiscal Multipliers in a Panel of Countries
Contreras, Juan - 2014
. Contrary to previous research, we find no strong evidence of monetary accommodation, a positive and larger fiscal multiplier in …
Persistent link: https://www.econbiz.de/10013050083
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Aggregate demand, functional finance and secular stagnation
Skott, Peter - 2016
This paper makes three main points. Fiscal policy, first, may be needed in the long run to maintain full employment and avoid secular stagnation. If fiscal policy is used in this way, second, the long-run debt ratio depends (i) inversely on the rate of growth, (ii) inversely on government...
Persistent link: https://www.econbiz.de/10011522188
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The Effectiveness of Fiscal Policy in Stimulating Economic Activity : A Review of the Literature
Hemming, Richard - 2006
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