Similar Search Results

Durable consumption, limited VAT pass-through and stabilization effects of temporary VAT changes

Clemens, Marius; Röger, Werner - 2022

mimic monetary policy with minor exceptions. Third, the VAT rate cut has the highest short-term multiplier compared with …

Persistent link: https://www.econbiz.de/10013205397

Do the CAP Subsidies Increase Employment in Sweden? Estimating the Open Economy Relative Multiplier Using an Exogenous Change in the CAP

Blomquist, Johan; Nordin, Martin - 2013

-order effect. Thus, the Open Economy Relative Multiplier for Sweden is estimated with aggregate municipality data for the years …

Persistent link: https://www.econbiz.de/10013208668

Analyzing the effects of the choice of model in the context of marginal changes in final demand

Heijungs, Reinout; de Koning, Arjan - In: Journal of Economic Structures 8 (2019) 6, pp. 1-22

Literature on the choice of model for deriving an input-output table (IOT) from a pair of supply-use tables (SUTs) has focused on the consequences for the IOT and the Leontief inverse. Analyzing the technology and fixed sales structure transformation models and their applications involving...

Persistent link: https://www.econbiz.de/10013288240

Rearmament to the Rescue? New Estimates of the Impact of 'Keynesian' Policies in 1930s' Britain

Crafts, Nicholas; Mills, Terence C. - 2012

We report estimates of the fiscal multiplier for interwar Britain based on quarterly data, time-series econometrics …, and 'defense news'. We find that the government expenditure multiplier was in the range 0.5 to 0.8, much lower than … future defense spending and does not imply that the multiplier effect of temporary public works programs would have been …

Persistent link: https://www.econbiz.de/10012669381

The macroeconomic effects of government spending shocks in New Zealand

Lyu, Yifei - 2021

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/10013480230

Effects of cross country fiscal interdependence on multipliers within a monetary union

Kunzmann, Vanessa - 2022

calibration results show that consumption multipliers to be small and negative. However, the output multiplier is positive and …

Persistent link: https://www.econbiz.de/10014296311

Estimating regime dependent fiscal spillover effects in a monetary union

Kunzmann, Vanessa - 2023

I estimate regime-dependent spillover effects from government spending shocks across the members of the European Monetary Union (EMU). I use panel regressions for a total of 14 EMU economies from 1997 to 2022. Government spending shocks are defined by unexpected innovations to forecast...

Persistent link: https://www.econbiz.de/10014476390

Fiscal policy: post- or New Keynesian?

Gechert, Sebastian - In: European Journal of Economics and Economic Policies: … 20 (2023) 2, pp. 338-355

This paper asks whether the post-Keynesian or New Keynesian paradigm provides a more realistic description of the effects of fiscal policy on output and consumption. I establish some macro and microeconomic stylized facts on fiscal multipliers and marginal propensities to consume based on the...

Persistent link: https://www.econbiz.de/10014481017

Reading Keynes in Buenos Aires: Prebisch and the dynamics of capitalism

Pérez Caldentey, Esteban; Vernengo, Matías - 2013

' General Theory of Employment, Interest and Money, in particular on the theory of interest and the multiplier. His attitude can …

Persistent link: https://www.econbiz.de/10010369478

EMU and the cyclical behavior of fiscal policy: A suggested interpretation

Landmann, Oliver - 2014

Fiscal policy is widely criticized for its failure to act as a stabilizing countercyclical force in the European Monetary Union. Two periods should be distinguished: Prior to the Financial Crisis of 2008, when monetary policy had traction to pursue stability for the aggregate eurozone, fiscal...

Persistent link: https://www.econbiz.de/10010427209