Вход на сайт

Просмотр новости

Найдите то, что Вас интересует

Aggregate Effects of Budget Stimulus: Evidence from the Large Fiscal Expansions Database

Дата публикации: 15-07-2019 12:00:00

This paper estimates the effects of fiscal stimulus on economic activity using a novel database on large fiscal expansions for 17 OECD countries for the period 1960–2006. The database is constructed by combining the statistical approach to identifying large shifts in fiscal policy with narrative evidence from contemporaneous policy documents. When correctly identified, large fiscal stimulus packages are found to have strong and persistent expansionary effects on economic activity, with a multiplier of 1 or above. The effects of stimulus are largest in slumps and smallest in booms.


Основное содержимое страницы с новостью.

Body

This paper estimates the effects of fiscal stimulus on economic activity using a novel database on large fiscal expansions for 17 OECD countries for the period 1960–2006. The database is constructed by combining the statistical approach to identifying large shifts in fiscal policy with narrative evidence from contemporaneous policy documents. When correctly identified, large fiscal stimulus packages are found to have strong and persistent expansionary effects on economic activity, with a multiplier of 1 or above. The effects of stimulus are largest in slumps and smallest in booms.

Data Disclosure:
Related Documents
More From
More on This Topic
Related Topics

Схожие новости

#Наименование новостиТональностьИнформативностьДата публикации
1FEDS Paper: Measuring Macroeconomic Stars: A Framework with Scarring Effects011.131-07-2026
2Impact of the Trump Fiscal Stimulus on US Economic Growth05.406-04-2018
3Deconstructing CEA Estimates of US Tax Cuts Spillover Effects06.5907-06-2018
4Эксперты: рост расходов на нацпроекты с низким исполнением повышает риски освоения денег0030-10-2019
5Краткосрочный анализ динамики ВВП: август 2026013.7503-08-2026
6ЦБ: экономическая активность восстанавливается быстрее, чем прогнозировалось0018-09-2020
7 Britain’s shifting GDP numbers 01012-02-2026
8First Principles GDP – REAL GDP Growth Via Massive Investment07.9116-02-2026
9Минэкономразвития: эпидситуация остается фактором риска при восстановлении экономики РФ0011-08-2020
10Экономия0020-07-2026

Классификация: Экономика. Схожих патентов: 0. Схожих новостей: 10. Тональность: 0. Информативность: 5.55. Источник: piie.com.