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Germany versus the United States : monetary Dominance in the Eurozone

Quah, Chee Heong - In: Economies : open access journal 4 (2016) 2, pp. 1-16

This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after "euroization". The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To...

Persistent link: https://www.econbiz.de/10011499412

Estimation of government spending multiplier in EU economies

Senekovič, Marko; Kavkler, Alenka; Bekő, Jani - In: Naše gospodarstvo : NG 65 (2019) 1, pp. 16-29

The aim of this paper is to estimate government consumption multiplier and to examine the effect of various … characteristics of countries on the size of fiscal multiplier. We apply a panel VAR model following Ilzetzki et al. (2013) for a … multiplier is larger than unity. Second, the size of fiscal multiplier is larger in the cases of lower public indebtedness, for …

Persistent link: https://www.econbiz.de/10012021817

International fiscal spillovers : a review essay

Devereux, Michael B. - In: The Korean economic review 34 (2018) 1, pp. 29-50

Persistent link: https://www.econbiz.de/10011950698

Fiscal policy in Europe : the importance of making it predictable

Cavallari, Lilia; Romano, Simone - In: Economic modelling 60 (2017), pp. 81-97

Persistent link: https://www.econbiz.de/10011734177

Fiscal adjustments : lessons from and for the Baltic states

Klyvienė, Violeta; Jakaitienė, Audronė - In: Baltic journal of economics 22 (2022) 1, pp. 1-27

This paper aims to investigate the effects of various fiscal policy measures for small and open economies by analysing the implications of fiscal shocks in the Baltic countries based on data for the period from 1995 to 2018. For this purpose, we have chosen structural VAR estimation methods...

Persistent link: https://www.econbiz.de/10013347151

The costs of Greece's fiscal consolidation

Gechert, Sebastian; Rannenberg, Ansgar - In: Vierteljahrshefte zur Wirtschaftsforschung 84 (2015) 3, pp. 47-59

This policy brief reexamines the effects of the Greek austerity experiment on its economy via a counterfactual analysis. We combine the fiscal multipliers from the meta regression analysis in Gechert and Rannenberg (2014) to the fiscal consolidation measures that have been implemented in Greece...

Persistent link: https://www.econbiz.de/10011498230

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

Redistribution and the monetary-fiscal policy mix

Bhattarai, Saroj; Lee, Jae-Won; Yang, Choongryul - In: Quantitative economics : QE ; journal of the … 14 (2023) 3, pp. 817-853

We show that the effectiveness of redistribution policy is tied to how much inflation it generates, and thereby to monetary‐fiscal adjustments that ultimately finance the transfers. In the monetary regime, taxes increase to finance transfers while in the fiscal regime, inflation rises,...

Persistent link: https://www.econbiz.de/10014362537

Fiscal multipliers : a heterogenous-agent perspective

Broer, Tobias; Krusell, Per; Öberg, Erik - In: Quantitative economics : QE ; journal of the … 14 (2023) 3, pp. 799-816

We use an analytically tractable heterogeneous‐agent (HANK) version of the standard New Keynesian model to show how the size of fiscal multipliers depends on (i) the distribution of factor incomes, and (ii) the source of nominal rigidities. With sticky prices but flexible wages, the standard...

Persistent link: https://www.econbiz.de/10014342560

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

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