Results 11 to 20 of about 61,206 (353)
Fiscal multipliers in war and in peace [PDF]
Review, 2010 Proponents of fiscal stimulus argue that government spending is needed to replace the private spending normally lost during a recession. Estimates of the so-called fiscal multiplier based on wartime episodes are used to support the proposition that a ...
David Andolfatto
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Fiscal Space and the Size of the Fiscal Multiplier [PDF]
SSRN Electronic Journal, 2020 This paper investigates the interaction between fiscal policy transmission and fiscal sustainability, captured through the concept of fiscal space. In order to measure the evolution of fiscal space over time we propose four indicators, drawing from different concepts available in the literature.
Luca Metelli, Kevin Pallara
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Fiscal Multipliers for India [PDF]
Margin: The Journal of Applied Economic Research, 2015 This article attempts to present a framework for the estimation of fiscal multipliers for the Indian economy in the structural macroeconomic modelling tradition. Empirical estimates of short-run multipliers are obtained by giving shocks to a range of fiscal instruments—expenditures and taxes.
Bose, Sukanya, Bhanumurthy, N.R.
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Fiscal Multipliers in the Covid-19 Recession
SSRN Electronic Journal, 2021 In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal policy in the current environment with widespread shelter-in-place ("lockdown") policies and the ...
Auerbach, Alan +3 more
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Fiscal Multipliers in Recessions [PDF]
The Economic Journal, 2016 Standard business cycle models have difficulties generating large, state-dependent fiscal multipliers. Employing a model of costly financial intermediation based on Curdia-Woodford, we show that fiscal multipliers can be strongly state dependent: fiscal expansions during recessions may lead to multiplier values exceeding two, while similar expansions ...
Matthew Canzoneri +3 more
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Fiscal Multipliers and Beyond [PDF]
SSRN Electronic Journal, 2015 This paper seeks to link the debate surrounding short-term fiscal multipliers with the medium and longer-term impact of fiscal consolidation on public debt sustainability. A literature review and empirical findings for state-dependent multipliers confirm that there is considerable uncertainty surrounding the size of the short-term multiplier.
Warmedinger, Thomas +2 more
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Macroeconomic impacts of fiscal shocks on the Moroccan economy: a disaggregated SVAR analysis [PDF]
Journal of Business and Socio-Economic Development, 2022 Purpose – The present paper aims to evaluate the structural impact of exogenously induced fiscal shocks on the Moroccan economy. This entails an analysis of the effect on the GDP of COVID-19-induced fiscal shocks manifesting in terms of budgetary ...
Youssef Alami +4 more
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Fiscal multipliers in Japan [PDF]
Research in Economics, 2017 In this paper, we estimate government purchase multipliers for Japan, following the approach used previously for a panel of OECD countries (Auerbach and Gorodnichenko, 2013). This approach allows multipliers to vary smoothly according to the state of the economy and uses real-time forecast data to purge policy innovations of their predictable ...
Auerbach, Alan J, Gorodnichenko, Yuriy
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Unemployment fiscal multipliers [PDF]
Journal of Monetary Economics, 2010 We estimate the effects of fiscal policy on the labor market in US data. An increase in government spending of 1 percent of GDP generates output and unemployment multipliers, respectively, of about 1.2 percent (at one year) and 0.6 percentage points (at the peak).
Monacelli, Tommaso +2 more
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A Negative Fiscal Multiplier? [PDF]
, 2001 The so-called negative fiscal multiplier concept comes from the neo-classical free market economic philosophy and is found useful in arguing that fiscal stabilisation policy may produce results contrary to those expected under Keynesian analysis in which
Lougheed, Alan L.
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