The existing literature on fiscal policy has mainly employed linear models that found a small fiscal multiplier in developing economies. These findings challenge the importance and e↵ectiveness of fiscal policy for these countries. However, linear models are not capable of distinguishing the...

One of the key areas in fiscal policy investigations is the size of the fiscal multiplier, and most studies find contradictory results. In this current study, we use a unique dataset of 132 studies and more than 3200 observations to conduct a meta-analysis on multiplier effects, and employ...

The existing literature on fiscal policy has mainly employed linear models that found a small fiscal multiplier in developing economies. These findings challenge the importance and e↵ectiveness of fiscal policy for these countries. However, linear models are not capable of distinguishing the...

The existing literature on fiscal policy has mainly employed linear models that found a small fiscal multiplier in developing economies. These findings challenge the importance and effectiveness of fiscal policy for these countries. However, linear models are not capable of distinguishing the...

Interest in fiscal policy has been dynamically improved in the last two decades; the number of research conducted on this topic has significantly increased in recent years. One of the key areas in fiscal policy investigations is the size of the fiscal multiplier, and most studies find...

The existing literature on fiscal policy has mainly employed linear models that found a small fiscal multiplier in developing economies. These findings challenge the importance and effectiveness of fiscal policy for these countries. However, linear models are not capable of distinguishing the...

We analyze the determinants of interest rate spreads of different loan categories in the Czech Republic during 2004–2011. We employ a detailed bank supervisory dataset that allows us to construct the actual spreads for four loan categories, namely small and large corporate loans, consumer...

This paper analyses problems within the asymmetric information models (principal agent models) where we replace standard assumption of maximisation of expected income by maximisation of probability of economic survival. This paper concentrates on two basic models - adverse selection model and...

This article shows that the altruism of the donator could have different forms. The specific form of his optimisation criterion significantly influences his decision making concerning the allocation of his resources among recipients. Moreover, even within one chosen criterion we could report...