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Effectiveness of fiscal policy measures in different public debt regimes

Gherghina, Rodica; Grecu, Robert-Adrian; … - In: Journal of business economics and management 25 (2024) 4, pp. 628-646

The aim of the research is to illustrate how the degree of effectiveness of fiscal policy measures varies depending on the level of public debt within a group of Central and Eastern European (CEE) states. To this end, a T-SVAR (Threshold Structural Vector Autoregressive) model was implemented,...

Persistent link: https://www.econbiz.de/10015098562

Do fiscal multipliers vary with different character of monetary-fiscal interactions?

Benčík, Michal - In: Ekonomický časopis : časopis pre ekonomickú … 66 (2018) 8, pp. 753-770

Persistent link: https://www.econbiz.de/10012152893

The Effects of Fiscal Policy in Italy : Estimates with a Svar Model

Giordano, Raffaela - 2012

This paper studies the effects of fiscal policy on private GDP, inflation and interest rates in Italy using a structural Vector Autoregression. For this purpose a database of quarterly cash data for selected fiscal variables for the period 1982:1-2003:4 is constructed, largely on the basis of...

Persistent link: https://www.econbiz.de/10013108587

Fiscal multipliers in a panel of countries

Contreras, Juan; Battelle, Holly - 2014

We estimate fiscal multipliers in a panel of countries using dynamic panel techniques and quarterly data for 55 countries. By using a GMM estimator and lagged dependent variables as instruments in a SVAR model, we attempt to correct for the biases present in this setting, to alleviate concerns...

Persistent link: https://www.econbiz.de/10010402581

Non-linear e¤ects of government spending shocks in the US : evidence from state-level data

Mumtaz, Haroon; Sunder-Plassmann, Laura - 2017

This paper uses state-level data to estimate the effect of federal defense spending shocks on state real activity. We find moderately strong evidence that for the average state the fiscal multiplier is larger during recessions. However, there is substantial heterogeneity across the...

Persistent link: https://www.econbiz.de/10011773635

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

Transmission of government spending shocks in the Euro area : time variation and driving forces

Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2010

This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...

Persistent link: https://www.econbiz.de/10011380027

Faster Fiscal Stimulus and a Higher Government Spending Multiplier in China : Mixed-Frequency Identification With SVAR

Li, Mingyang; Niu, Linlin - 2022

restriction for shock identification in a quarterly SVAR framework à la Blanchard and Perotti (2002). By relaxing the lag …-length restriction from one quarter to one month, we propose a mixed-frequency identification (MFI) strategy by taking the unexpected ….546 on impact and 1.849 at the maximum. A comparison study confirms that results based on the identification strategy of …

Persistent link: https://www.econbiz.de/10013323898

Government Purchases Reloaded : Informational Insufficiency and Heterogeneity in Fiscal VARs

Ellahie, Atif - 2017

Using a large Bayesian VAR, we approximate the flow of information received by economic agents to investigate the effects of changes to government purchases. We document robust evidence that informational insufficiency in conventional models explains inconsistent results across samples and...

Persistent link: https://www.econbiz.de/10012974908

Identifying Government Spending Shocks and Multipliers in Korea

Park, Kwangyong - 2019

Accurately estimating the government spending multiplier is important so that fiscal policies can be used appropriately when recessions hit the economy. To fill the gap between the frontier research of calculating the government spending multiplier and current Korean research, and to estimate a...

Persistent link: https://www.econbiz.de/10012862869