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The grand tour: Keynes and Goodwin go to Greece
Haddad, Eduardo Amaral; Cotarelli, Natalia; Simonato, … - In: Journal of Economic Structures 9 (2020) 31, pp. 1-21
this paper, we explore the concept of the income multiplier in a multi-regional input-output setting, in the context of the … Greek recession, showing empirical evidence for the increasing magnitude of the multiplier during the recession period. The … may bring about important implications for regional inequality in Greece. …
Persistent link: https://www.econbiz.de/10013288308
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Keynesian stimulus versus classical austerity
Seidman, Laurence S. - In: Review of Keynesian economics (2012), pp. 77-92
Persistent link: https://www.econbiz.de/10009703787
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Did fiscal consolidation cause the double dip recession in the euro area?
Heimberger, Philipp - 2015
closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to … 2.1, depending on the data source used to identify the intensity of fiscal consolidation. Given these multiplier values …
Persistent link: https://www.econbiz.de/10011778844
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The grand tour : Keynes and Goodwin go to Greece
Haddad, Eduardo Amaral; Cotarelli, Natalia Q.; … - 2018
Persistent link: https://www.econbiz.de/10011863698
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Public expenditure multipliers in recessions : evidence from the Eurozone
Boitani, Andrea; Perdichizzi, Salvatore - 2018
During the sovereign debt crisis, many Euro countries have deployed "austerity packages" implementing structural reforms and cutting government spending. Such policies should have led to an initial decline in GDP followed by recovery and a reduction of the debt to gdp ratio. Key to this outcome...
Persistent link: https://www.econbiz.de/10011818399
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Learning about fiscal multipliers during the European sovereign debt crisis : evidence from a quasi-natural experiment
Gόrnicka, Lucyna; Kamps, Christophe; Koester, Gerrit; … - 2018
Identifying fiscal multipliers is usually constrained by the absence of a counterfactual scenario. Our new data set allows overcoming this problem by making use of the fact that recommendations under the EU's excessive deficit procedure (EDP) provide both a baseline no-policy-change scenario and...
Persistent link: https://www.econbiz.de/10011856496
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The costs of Greece's fiscal consolidation
Gechert, Sebastian; Rannenberg, Ansgar - In: Vierteljahrshefte zur Wirtschaftsforschung 84 (2015) 3, pp. 47-59
consolidation measures that have been implemented in Greece between 2010 and 2014. We estimate that austerity explains almost the …
Persistent link: https://www.econbiz.de/10011498230
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Balanced Budget Requirements and Local Austerity Multipliers
Cerrato, Andrea; Filippucci, Francesco; Valle, Simone - 2023
cut capital expenditures, rather than decreasing current expenditures or raising taxes. The estimated multiplier is not …
Persistent link: https://www.econbiz.de/10014343821
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Fiscal multipliers in the COVID-19 recession
Auerbach, Alan J.; Gorodnichenko, Yuriy; McCrory, Peter B. - 2021
countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal …
Persistent link: https://www.econbiz.de/10012705410
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Medium-Term Fiscal Multipliers During Protracted Recessions
Dell'Erba, Salvatore - 2015
by estimating medium-term fiscal multipliers during protracted recessions (PR) in a sample of 17 OECD countries. Based on …
Persistent link: https://www.econbiz.de/10013031164