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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

The macroeconomic effects of tax reform : evidence from the EU

Van Der Wielen, Wouter - 2019

-based consolidations resulted in a 1.2 percentage point larger medium-term output multiplier in absolute terms. …

Persistent link: https://www.econbiz.de/10012013129

Financial cycles and fiscal multipliers

Gechert, Sebastian; Mentges, Rafael - 2017

We show that fiscal multiplier estimations may be biased by movements in asset and credit markets, as they facilitate …

Persistent link: https://www.econbiz.de/10011919730

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

Fiscal multipliers of central, state and local government and of the social security funds in Germany : evidence of a SVAR

Hollmayr, Josef; Kuckuck, Jan - 2018

By applying a Structural Vector Autoregressive (SVAR) approach this paper estimates the effects of fiscal policy shocks of different government sub-sectors on aggregate GDP in Germany. From a general government perspective, the results show that besides investment, it is particularly changes in...

Persistent link: https://www.econbiz.de/10011897960

Debt-Dependent Effects of Fiscal Expansions

Bi, Huixin - 2016

Economists often postulate that ﬁscal expansions are less stimulative when government debt is high than when it is low. Empirical evidence, however, is ambiguous. Using a nonlinear neoclassical growth model, we show that the difference in government spending effects between high- and low-debt...

Persistent link: https://www.econbiz.de/10012995877

Public Investment Multipliers in EU Countries : Does the Efficiency of Public Sector Matter?

Papaioannou, Sotiris - 2016

This study examines whether differences in public sector efficiency are associated with diverging effects of public investment on growth. At first stage, we estimate public investment multipliers for each country of the European Union (EU). Their size varies considerably across countries. Then...

Persistent link: https://www.econbiz.de/10012996027

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

Financial Fragility and the Fiscal Multiplier

van der Kwaak, Christiaan; van Wijnbergen, Sweder - 2017

cumulative fiscal multiplier. When monetary policy is exogenous, like at the ZLB or in a currency union, fiscal stimuli become …

Persistent link: https://www.econbiz.de/10014150178

Fiscal Multipliers in Turbulent Times : The Case of Spain

de Cos, Pablo Hernández; Moral-Benito, Enrique - 2013

size of the fiscal multiplier remains a challenge. Indeed, the quest to estimate a unique fiscal multiplier is probably an … ill-posed one. The magnitude of the multiplier may well depend on country- and time-specific characteristics of the fiscal … in several of its dimensions. The government spending multiplier is estimated to be larger during recessions and periods …

Persistent link: https://www.econbiz.de/10014156595