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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

Towards an effective fiscal stimulus : evidence from Botswana

Timuno, Sayed O. M.; Eita, Joel Hinaunye - In: Cogent economics & finance 8 (2020) 1, pp. 1-19

While there is a general agreement on the effectiveness of fiscal stimulus, there is no consensus on which stimulus is better. To address this concern, this paper uses a Dynamic Stochastic General Equilibrium (DSGE) model to propose a fiscal stimulus that Botswana can adopt given the slowing...

Persistent link: https://www.econbiz.de/10013179473

Fiscal multipliers and balance sheet effects in a small open economy

López, Martha - In: Revista de economía del Rosario 23 (2020) 2, pp. 1-42

Persistent link: https://www.econbiz.de/10012426335

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

Which crisis support fiscal measures worked during the Covid-19 shock in Europe?

Pappa, Euē; Ramos, Andrey; Vella, Eugenia - In: SERIEs : Journal of the Spanish Economic Association 15 (2024) 4, pp. 327-348

We build a comprehensive database that categorizes COVID-19 fiscal measures announcements in 12 European Union countries into 7 distinct spending categories. Through our empirical analysis, we investigate the impact of these support packages on the economy. Overall, the fiscal measures played a...

Persistent link: https://www.econbiz.de/10015325178