Using the bottom-up approach of Romer and Romer (2010), we construct a rich narrative dataset of net-revenue fiscal shocks for Germany by reconstructing and extending the tax shock series of Hayo and Uhl (2014) and coding a shock series for social security contributions, benefits and transfers....

Exploiting official historical records of the German Bundestag and Bundesrat, the Federal Ministry of Labour and Social Affairs and the German statutory pension insurance scheme, we construct a narrative of legislated social security changes for Germany between 1970 and 2013 in order to identify...

Using the bottom-up approach of Romer and Romer (2010), we construct a narrative dataset of net-revenue shocks for Germany by extending the tax shock series of Hayo and Uhl (2014) and coding a shock series for social security contributions, benefits and transfers. We estimate the multiplier...

In the past 15 years there has been an expansion in world trade accompanied by a growing international fragmentation of production, which has given rise to the so-called “global value chains” (GVCs). This new way of organising production at the international level means that countries...

Der Beitrag diskutiert die makroökonomischen Effekte von Änderungen bei Sozialausgaben und Einnahmen der Sozialversicherung auf das Bruttoinlandsprodukt, Konsum, Investitionen, Beschäftigung und weitere Größen. Er fasst unsere Ergebnisse aus einer umfangreicheren Studie (Gechert et al....

En este trabajo se contrasta la hipótesis de endogeneidad monetaria en la economía española durante el período 1980-2012 desde un enfoque kaleckiano. Se aporta evidencia de las fluctuaciones y oscilaciones cíclicas de los agregados monetarios y el volumen de crédito bancario, junto con las...