Amid renewed crisis, falling tax revenues, and rising debt, Ukraine faces serious fiscal consolidation needs. Durable … vector autoregressive model, this paper finds that Ukraine's near-term revenue and spending multipliers are well below one …. In the medium-term, the revenue multiplier becomes insignificant (with a wide confidence interval) and the spending …

closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to … 2.1, depending on the data source used to identify the intensity of fiscal consolidation. Given these multiplier values …

the European Commission, respectively. The cumulative multiplier amounts to 0.7 and 1.0 in the baseline, but increases to …Wir simulieren die Haushaltskonsolidierung im Euroraum im Zeitraum 2011 bis 2013 mit Hilfe von zwei DSGE Modellen der … EZB und der Europäischen Kommission. Der kumulative Multiplikator beträgt 0.7 bzw. 1.0 in der Basislinie, steigt aber auf …