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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
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Public spending, green growth, and corruption : a local fiscal multiplier analysis for Italian provinces
Ficarra, Matteo - 2024
overall and non-green multipliers are driven by southern provinces, while the green multiplier is driven by the rest of the … country, despite the contemporaneous green multiplier being equal to 1.43 in the south. I link the heterogeneity to governance … characteristics: higher government effectiveness and institutional quality decrease the overall and non-green multiplier, while they …
Persistent link: https://www.econbiz.de/10014634134
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The long and short of financing government spending
Mankart, Jochen; Priftis, Romanos; Oikonomou, Rigas - International Research Conference on Household … - 2022
larger multiplier when it issues short term debt. We find that the latter effect dominates and that the optimal policy for …
Persistent link: https://www.econbiz.de/10013443719
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Fiscal policy and fiscal fragility : empirical evidence from the OECD
Shagi, Makram el-; Schweinitz, Gregor von - 2019
In this paper, we use local projections to investigate the impact of consolidation shocks on GDP growth, conditional on the fragility of government finances. Based on a database of fiscal plans in OECD countries, we show that spending shocks are less detrimental than tax-based consolidation. In...
Persistent link: https://www.econbiz.de/10012012854
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Opening the red budget box : nonlinear effects of a tax shock in the UK
Colombo, Valentina - 2020
consumption. The results suggest that the output tax multiplier is positive and above one (in absolute value) in recessions but …
Persistent link: https://www.econbiz.de/10012164687
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Fiscal multipliers in advanced and developing countries : evidence from military spending
Sheremirov, Viacheslav; Spirovska, Sandra - 2019 - This version: February 2019
Using novel data on military spending for 129 countries in the period 1988-2013, this paper provides new evidence on the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks with an exogenous variation in military spending, we...
Persistent link: https://www.econbiz.de/10011992297
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Government spending and durable goods
Boehm, Christoph E. - 2016
This paper shows that the fiscal multiplier for purchases of durable and investment goods is very small - much smaller … than the multiplier for nondurable goods. Standard models predict small durables multipliers because private sector …
Persistent link: https://www.econbiz.de/10011573302
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The government spending multiplier at the zero lower bound : evidence from the United States
Di Serio, Mario; Fragetta, Matteo; Gasteiger, Emanuel - 2020
We estimate state-dependent government spending multipliers for the United States. We use a Factor-Augmented Interacted Vector Autoregression (FAIVAR) model. This allows us to capture the time-varying monetary policy characteristics including the recent zero interest rate lower bound (ZLB)...
Persistent link: https://www.econbiz.de/10012209159
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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/10012548884
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On the size of fiscal multipliers : a counterfactual analysis
Kuckuck, Jan; Westermann, Frank - 2013
The Structural Vector Auto-regression (SVAR) approach to estimating fiscal multipliers, following the seminal paper by Blanchard and Perotti (2002), has been widely applied in the literature. In our pa-per we discuss the interpretation of these estimates and suggest that they are more useful for...
Persistent link: https://www.econbiz.de/10009764859