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Este trabajo examina cómo ha respondido la política fiscal discrecional a las oscilaciones económicas en un conjunto de países de la OCDE a lo largo de las últimas cuatro décadas. En línea con la reciente literatura, utilizamos el Saldo Estructural Primario como indicador para...
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multipliers for the United States. With these results, it computes the cumulative multiplier of Ramey and Zubairy (2018), now … common in the literature. It finds that, contrary to the peak and through multipliers reported by BP, the cumulative tax … results suggest that the fiscal multipliers vary significantly across countries, and in some cases multipliers are larger than …
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By applying a Structural Vector Autoregressive (SVAR) approach this paper estimates the effects of fiscal policy shocks of different government sub-sectors on aggregate GDP in Germany. From a general government perspective, the results show that besides investment, it is particularly changes in...
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would have occurred had GDP never deviated from its trend. Hence, past business cycles affect the cyclical part of the … cycles : according to our method, structural balances consolidated by more in 1990-1991 and deteriorated by more in 1994-1995. …
Persistent link: https://www.econbiz.de/10009001123
This paper provides a summary of trends in government spending. It reveals strong growth in government spending and the size of government, particularly over the past four years. It also discusses the distribution and sustainability of spending and notes the importance of high quality spending...
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