Results 41 to 50 of about 61,206 (353)
Financial cycles and fiscal multipliers [PDF]
Applied Economics, 2017 ABSTRACTWe show that fiscal multiplier estimations may be biased by movements in asset and credit markets, as they facilitate spurious correlations of changes in cyclically adjusted revenues and spending with output growth via an identification bias and an omitted variable bias, thus overstating episodes of expansionary consolidations and downplaying ...
Gechert, Sebastian, Mentges, Rafael
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Biases in fiscal multiplier estimates [PDF]
European Journal of Political Economy, 2019 The "true" size of fiscal multipliers is widely debated by economists and policy makers as large (small) multipliers provide arguments to expand (cut) public spending. Within a meta-analytical framework, we ask whether the large observed variance in multiplier estimates can be explained by the national imprint and various author incentives.
Asatryan, Zareh +3 more
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Analisis Efektivitas Kebijakan Moneter dan Kebijakan Fiskal terhadap Produk Domestik Bruto Indonesia
Economics Development Analysis Journal, 2018 Dari data-data empiris tingkat pertumbuhan ekonomi Indonesia berdasarkan pada PDB banyak mengalami penurunan. Untuk meningkatkan PDB Indonesia, maka dilakukan penelitian efektiv mana kebijakan moneter atau fiskal dalam mempengaruhi PDB Indonesia ...
Ridho Windi Atmojo
doaj +1 more source
Sources of borrowing and fiscal multipliers [PDF]
SSRN Electronic Journal, 2018 AbstractThis paper finds that debt-financed fiscal multipliers vary depending on the location of the debt buyer. In a sample of 33 countries fiscal multipliers are larger when government purchases are financed by issuing debt to foreign investors (non-residents), compared to when they are financed by issuing debt to home investors (residents).
Priftis, Romanos, Zimic, Srecko
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The Grand Tour: Keynes and Goodwin go to Greece
Journal of Economic Structures, 2020 The impact of the crisis in the Greek economy was not uniform among the regions, threatening socioeconomic cohesion. In this paper, we explore the concept of the income multiplier in a multi-regional input–output setting, in the context of the Greek ...
Eduardo Amaral Haddad +4 more
doaj +1 more source
Why Do Fiscal Multipliers Depend on Fiscal Positions? [PDF]
SSRN Electronic Journal, 2019 This paper analyzes the relationship between fiscal multipliers and fiscal positions of governments using an Interactive Panel Vector Auto Regression model and a large data-set of advanced and developing economies. The methodology permits tracing the endogenous relationship between fiscal multipliers and fiscal positions while maintaining enough ...
Huidrom, Raju +3 more
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Some amendments to the algebraic representation and empirical estimation of the fiscal multipliers
Heliyon, 2020 Conventional algebraic estimate of the fiscal multipliers ignores the concept of velocity of money and mistakenly assumes that money changes hands an infinite number of times during a given year while we know money only has a finite velocity.
Ahmed Mehedi Nizam
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Decomposing the Fiscal Multiplier [PDF]
Federal Reserve Bank of San Francisco, Working Paper Series, 2020 The fiscal “multiplier” seeks to measure how many additional dollars of output are gained or lost for each dollar of fiscal expansion or contraction. In practice, the multiplier at any point in time depends on the monetary policy response and existing conditions in the economy.
James Cloyne +2 more
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Финансы: теория и практика, 2020 The relevance of the research topic is due to the role of tax policy and the impact of external and internal longterm factors affecting the slowdown of the Russian economy.
I. S. Bukina, A. I. Smirnov
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Rearmament to the rescue? New estimates of the impact of ‘Keynesian’ policies in 1930s’ Britain [PDF]
, 2012 We report estimates of the fiscal multiplier for interwar Britain based on quarterly data, time-series econometrics, and ‘defense news’. We find that the government expenditure multiplier was in the range 0.3 to 0.8, much lower than previous estimates ...
Crafts, N. F. R., Mills, Terence C.
core +2 more sources