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Some amendments to the algebraic representation and empirical estimation of the fiscal multipliers [PDF]
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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Nonlinear Fiscal Multipliers in Saudi Arabia
Economies, 2023 This paper presents an estimation of the fiscal multipliers for Saudi Arabia, conducted by applying the local projection (LP) method. It also presents an exploration of the non-linear features of fiscal multipliers.
Raja AlMarzoqi +2 more
exaly +3 more sources
Fiscal multipliers in South Africa after the global financial crisis
South African Journal of Economic and Management Sciences, 2022 Background: South Africa’s fiscal position has deteriorated considerably over the last 10 years, with debt levels reaching historical highs in the post-apartheid period.
Theo Janse van Rensburg +2 more
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Design of fiscal consolidation packages and model-based fiscal multipliers in Croatia
Public Sector Economics, 2021 The widening fiscal deficits and the increase of public debt triggered by the COVID-19 crisis suggest that fiscal policy makers will have to engage in substantial fiscal consolidation in order to stabilize public finances in the mid run.
Milan Deskar-Skrbic, Darjan Milutinovic
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Asset Liquidity and Fiscal Consolidation Programs
Notas Económicas, 2020 We argue that the relationship between wealth inequality and fiscal multipliers depends crucially on the type of fiscal experiment used, and on the measure of wealth distribution.
Tiago Bernardino
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Fiscal Policy Multipliers in Small States
Economía, 2021 This paper estimates fiscal policy multipliers for small states using two distinct models: an empirical forecast error model with data from twenty-three small states across the world, and a dynamic stochastic general equilibrium (DSGE) model calibrated ...
Alia Lichi, Ippei Shibata, Kadir Tanyeri
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Notas Económicas, 2020 Fiscal multipliers depend on several structural characteristics of each economy. In this study it is argued that labor income tax progressivity lowers the fiscal multipliers of fiscal consolidation programs.
Mariana Santos
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Multipliers of taxes and public spending in Colombia: SVAR and local projections approaches
Latin American Journal of Central Banking, 2022 This paper estimates and analyzes multipliers for tax revenue and public spending for Colombia using structural autoregressive vectors and local projections models.
Sergio Restrepo-Ángel +2 more
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Forum Scientiae Oeconomia, 2021 In recent months, many economic studies have emerged in the economic slowdown during the COVID-19 pandemic. Economists have analysed a great many socio-economic phenomena,from the slowdown in GDP dynamics tochanges in consumer behaviour.
Arkadiusz Jan Derkacz
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Baltic Journal of Economics, 2023 We develop a fiscal dynamic stochastic general equilibrium (DSGE) model for policy simulation and scenario analysis purposes tailored to Latvia, a small open economy in a monetary union.
Ginters Bušs, Patrick Grüning
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