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Country heterogeneity and the international evidence on the effects of fiscal policy
Favero, Carlo A.; Giavazzi, Francesco; Perego, Jacopo - 2011
Persistent link: https://www.econbiz.de/10011337378
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Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy
Favero, Carlo A. - 2011
analysis is that the question "what is the fiscal policy multiplier" is an ill-posed one. There is no unconditional fiscal … policy multiplier. The effect of fiscal policy on output is different depending on the different debt dynamics, the different … and an average fiscal multiplier is of very little use to describe the effect of exogenous shifts in fiscal policy on …
Persistent link: https://www.econbiz.de/10013121730
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Country heterogeneity and the international evidence on the effects of fiscal policy
Favero, Carlo A.; Giavazzi, Francesco; Perego, Jacopo - 2011
Persistent link: https://www.econbiz.de/10009310170
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Country heterogeneity and the international evidence on the effects of fiscal policy
Favero, Carlo A.; Giavazzi, Francesco; Perego, Jacopo - In: IMF economic review 59 (2011) 4, pp. 652-682
Persistent link: https://www.econbiz.de/10009412366
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Country heterogeneity and the international evidence on the effects of fiscal policy
Favero, Carlo A.; Giavazzi, Francesco; Perego, Jacopo - 2011
Persistent link: https://www.econbiz.de/10009296445
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Revenue- versus spending-based consolidation plans : the role of follow-up
Beetsma, Roel; Furtuna, Oana; Giuliodori, Massimo - 2018
The literature on fiscal multipliers finds that spending-based fiscal consolidations tend to have more benign macro-economic consequences than revenue-based consolidations. By directly comparing ex-post data with consolidation plans, we present evidence of a systematically weaker follow-up of...
Persistent link: https://www.econbiz.de/10011904377
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Could the recession have been shortened in Romania after the 2009 crisis? : a short answer given by fiscal multipliers during recessions
Soviani, Radu - In: International journal of economics and finance 7 (2015) 11, pp. 170-177
Persistent link: https://www.econbiz.de/10011401336
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Labor market institutions, fiscal multipliers, and macroeconomic volatility
Boeck, Maximilian; Crespo Cuaresma, Jesús; Glocker, … - 2022
We study empirically how various labor market institutions - (i) union density, (ii) unemployment benefit remuneration, and (iii) employment protection - shape fiscal multipliers and output volatility. Our theoretical model highlights that more stringent labor market institutions attenuate both...
Persistent link: https://www.econbiz.de/10013201691
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Fiscal consolidation : what are the breakeven fiscal multipliers?
Botev, Jarmila; Mourougane, Annabelle - In: CESifo economic studies : CESifo, a joint initiative of … 63 (2017) 3, pp. 295-316
This article derives time-varying threshold multipliers for G7 countries and the euro area, above which consolidation will be self-defeating (that is, leading to an increase rather than a decrease in the debt-to-GDP ratio). Simulations suggest that these thresholds have declined since the...
Persistent link: https://www.econbiz.de/10011778974
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What drives the short-run costs of fiscal consolidation : evidence from OECD countries
Banerjee, Ryan; Zampolli, Fabrizio - 2016
Persistent link: https://www.econbiz.de/10011531967