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Combining Time-Variation and Mixed-Frequencies : An Analysis of Government Spending Multipliers in Italy

D'Agostino, Antonello - 2018

tend to have positive effects on output in Italy. The fiscal multiplier, which is maximized at the one year horizon …

Persistent link: https://www.econbiz.de/10012924294

Time-Varying Fiscal Spending Multipliers in the UK

Glocker, Christian - 2018

We study fiscal spending multipliers of the UK economy using a time-varying parameter factor augmented vector autoregressive (TVP-FAVAR) model. We show that government spending multipliers vary over time and that most of the variation is cyclical: multipliers are typically above one in...

Persistent link: https://www.econbiz.de/10012932638

Expansionary and contractionary fiscal multipliers in the U.S.

Kapetanios, George; Koutroumpis, Panagiotis; Tsoukis, … - 2022

We estimate the fiscal (spending) multiplier using quarterly U.S. data, 1986-2017. We define government spending shocks …

Persistent link: https://www.econbiz.de/10013191269

Decomposing local fiscal multipliers : evidence from Japan

Kameda, Taisuke; Namba, Ryoichi; Tsuruga, Takayuki - 2019 - This draft: October 2019

accounts. We estimate the local fiscal multiplier on output to be 1.7 at the regional level. The regional fiscal multiplier … and small in size. We decompose the regional fiscal multiplier on output into multipliers on expenditure components. The … regional fiscal multiplier on absorption exceeds 2.0 because of the crowding-in effect on consumption and investment. Moreover …

Persistent link: https://www.econbiz.de/10012109875

Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria

Elkhdari, Maria - 2018

At a time when Algeria must undertake considerable fiscal consolidation to restore sustainability, the issueof fiscal multipliers has come to the fore. This paper estimates short-term and long-term fiscal multipliersfor Algeria applying several econometric methodologies, including Local...

Persistent link: https://www.econbiz.de/10012913901

Fiscal Multipliers During Pandemics

Kinda, Tidiane; Lengyel, Andras; Chahande, Kaustubh - 2022

Many countries have deployed substantial fiscal packages to cushion the economic fallout from the COVID-19 pandemic. A historical look at past pandemics and epidemics highlights concomitant public sector support in response to health crises. This paper assesses how fiscal multipliers could vary...

Persistent link: https://www.econbiz.de/10014079424

Fiscal Multipliers and Informality

Colombo, Emilio; Furceri, Davide; Pizzuto, Pietro; … - 2022

This paper investigates the role of informality in affecting the magnitude of the fiscal multiplier in a panel of 141 … size of the fiscal multiplier. This result holds irrespective of the levels of economic development and institutional …. Thus, informality raises the size of the unofficial multiplier. A higher degree of non-separability between public and …

Persistent link: https://www.econbiz.de/10014083505

External Information and Fiscal Multipliers

Park, Kwangyong; ByungHo, Lee - 2022

To accurately quantify the effects of government spending, it is necessary to identify exogenous changes in government spending. In this paper, we estimate a proxy VAR, developed by Stock and Watson (2012) and Mertens and Ravn (2013), using a revised supplementary budget from the government as...

Persistent link: https://www.econbiz.de/10013301185

Consumption multipliers of different types of public spending : a structural vector error correction analysis for the UK

Marattin, Luigi; Salotti, Simone - 2010

The aim of this paper is to investigate the relationship between government spending and private consumption in the UK, for which there is scarce previous empirical evidence. We disaggregate public expenditure into three categories and search for the corresponding private consumption...

Persistent link: https://www.econbiz.de/10011737944

Revisiting the narrative approach of estimating fiscal multipliers : conference paper

Hebous, Shafik; Zimmermann, Tom - 2014

We re-examin the notion of identifying macroeconomic effects using the narrative approach taking as an application the estimation of tax multipliers. We point out to a test for the checking the adequacy of regressing the narrative measure directly on the outcome variable. This test...

Persistent link: https://www.econbiz.de/10010484325