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Fiscal stimulus and the extensive margin : conference paper
Lewis, Vivien; Winkler, Roland - 2013
Using VAR analysis on US data, we show that unanticipated fiscal expansions boost private consumption and business formation. Models with an extensive investment margin, i.e. endogenous firm and product entry, have difficulties explaining these two phenomena simultaneously. Considering different...
Persistent link: https://www.econbiz.de/10010339394
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The effectiveness of fiscal policy within business cycle : Ricardians vs. non-Ricardians approach
Krajewski, Piotr; Szymańska, Agata - In: Baltic journal of economics 19 (2019) 2, pp. 195-215
This study aims to measure the impact of the share of non-Ricardian households on fiscal multipliers. We show that the share of non-Ricardian households in Hungary increased significantly after crisis began and explain why the plausible reason for this increase is the higher level of liquidity...
Persistent link: https://www.econbiz.de/10012123344
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Reinventing fiscal policy
Arestis, Philip (contributor);  … - 2003
Persistent link: https://www.econbiz.de/10003208500
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Reinventing fiscal policy
Arestis, Philip; Sawyer, Malcolm C. - In: John Kenneth Galbraith and the future of economics : …, (pp. 105-125). 2005
Persistent link: https://www.econbiz.de/10003120716
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How large are fiscal multipliers in Turkey?
Şen, Hüseyin; Kaya, Ayşe - 2017
multiplier ranges from -0.83 to -0.27 for taxes, and from 0.02 to 0.98 for government spending respectively. Overall, these …
Persistent link: https://www.econbiz.de/10011670351
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Jobs Multipliers : Evidence from a Large Fiscal Stimulus in Spain
Alloza, Mario - 2019
the multiplier falls in the lower range of previous work …
Persistent link: https://www.econbiz.de/10012867678
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Fiscal Stimulus and Labor Market Flexibility
Topal, Pinar - 2014
This paper investigates whether a fiscal stimulus implies a different impact for flexible and rigid labour markets. The analysis is done for 11 advanced OECD economies. Using quarterly data from 1999 to 2013, I estimate a panel threshold structural VAR model in which regime switches are...
Persistent link: https://www.econbiz.de/10013043360
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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
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Gauging the Effects of the German COVID-19 Fiscal Stimulus Package
Hinterlang, Natascha; Moyen, Stephane; Röhe, Oke; … - 2022
by 5%, and even by 20% for liquidity-constrained households. The long-run present value multiplier of the package amounts …
Persistent link: https://www.econbiz.de/10013310308
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Financial fragility and the fiscal multiplier
Wijnbergen, Sweder van; Kwaak, Christiaan van der - 2014
cycle further lowe ring the fiscal multiplier. Longer maturity debt leads to larger capital losses and lower Keynesian … further after a deficit financed stimulus package, eventually implying a cumulative Keynesian multiplier close to zero or even …
Persistent link: https://www.econbiz.de/10010226967