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How Big (Small?) are Fiscal Multipliers?

2011-03-01 Business & Economics
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Release : 2011-03-01
Genre : Business & Economics
Kind : eBook
Book Rating : 022/5 ( reviews)

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Book Synopsis How Big (Small?) are Fiscal Multipliers? by : Ethan Ilzetzki

Download or read book How Big (Small?) are Fiscal Multipliers? written by Ethan Ilzetzki. This book was released on 2011-03-01. Available in PDF, EPUB and Kindle. Book excerpt: We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a novel quarterly dataset of government expenditure in 44 countries, we find that (i) the output effect of an increase in government consumption is larger in industrial than in developing countries, (ii) the fisscal multiplier is relatively large in economies operating under predetermined exchange rate but zero in economies operating under flexible exchange rates; (iii) fiscal multipliers in open economies are lower than in closed economies and (iv) fiscal multipliers in high-debt countries are also zero.

A Simple Method to Compute Fiscal Multipliers

2014-06-09 Business & Economics
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Release : 2014-06-09
Genre : Business & Economics
Kind : eBook
Book Rating : 694/5 ( reviews)

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Book Synopsis A Simple Method to Compute Fiscal Multipliers by : Nicoletta Batini

Download or read book A Simple Method to Compute Fiscal Multipliers written by Nicoletta Batini. This book was released on 2014-06-09. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal multipliers are important tools for macroeconomic projections and policy design. In many countries, little is known about the size of multipliers, as data availability limits the scope for empirical research. For these countries, we propose a simple method—dubbed the “bucket approach”—to come up with reasonable multiplier estimates. The approach bunches countries into groups (or “buckets”) with similar multiplier values, based on their characteristics. It also takes into account the effect of some temporary factors, such as the state of the business cycle.

Fiscal Policy after the Financial Crisis

2013-06-25 Business & Economics
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Release : 2013-06-25
Genre : Business & Economics
Kind : eBook
Book Rating : 44X/5 ( reviews)

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Book Synopsis Fiscal Policy after the Financial Crisis by : Alberto Alesina

Download or read book Fiscal Policy after the Financial Crisis written by Alberto Alesina. This book was released on 2013-06-25. Available in PDF, EPUB and Kindle. Book excerpt: The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.

Methods to Estimate Fiscal Multipliers

2012
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Release : 2012
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Book Rating : /5 ( reviews)

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Book Synopsis Methods to Estimate Fiscal Multipliers by : Alban Moura

Download or read book Methods to Estimate Fiscal Multipliers written by Alban Moura. This book was released on 2012. Available in PDF, EPUB and Kindle. Book excerpt:

Fiscal Multipliers

2014-10-02 Business & Economics
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Release : 2014-10-02
Genre : Business & Economics
Kind : eBook
Book Rating : 433/5 ( reviews)

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Book Synopsis Fiscal Multipliers by : Nicoletta Batini

Download or read book Fiscal Multipliers written by Nicoletta Batini. This book was released on 2014-10-02. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal multipliers are important tools for macroeconomic projections and policy design. In many countries, little is known about the size of multipliers, as data availability limits the scope for empirical research. This note provides general guidance on the definition, measurement, and use of fiscal multipliers. It reviews the literature related to their size, persistence and determinants. For countries where no reliable estimate is available, the note proposes a simple method to come up with reasonable values. Finally, the note presents options to incorporate multipliers in macroeconomic forecasts.

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