Arbeitspapier
Fiscal multipliers in a panel of countries
We estimate fiscal multipliers in a panel of countries using dynamic panel techniques and quarterly data for 55 countries. By using a GMM estimator and lagged dependent variables as instruments in a SVAR model, we attempt to correct for the biases present in this setting, to alleviate concerns about causality, and to decrease potential effects of third factors. Contrary to previous research, we find no strong evidence of monetary accommodation, a positive and larger fiscal multiplier in developing than in high-income countries, and zero in high-debt countries and in flexible exchange rates countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers ; No. 2014-15
- Klassifikation
-
Wirtschaft
Fiscal Policy
Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
National Budget, Deficit, and Debt: General
- Thema
-
Fiscal multipliers
Panel of countries
SVAR
GMM
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Contreras, Juan
Battelle, Holly
- Ereignis
-
Veröffentlichung
- (wer)
-
Banco de México
- (wo)
-
Ciudad de México
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Contreras, Juan
- Battelle, Holly
- Banco de México
Entstanden
- 2014
Ähnliche Objekte (12)
Bargaining for fiscal control: Tax federalism in Brazil and Mexico, 1870-1940
Changes in inflation predictability in major Latin American countries
Income instability and fiscal progression
Aggregate effects of a universal social insurance fiscal reform
Endowments, fiscal federalism, and the cost of capital for states: Evidence from Brazil, 1891-1930
An evaluation of the 1997 fiscal decentralization reform in Mexico: The case of the health sector
Labor heterogeneity and the pattern of trade
Decisiones financieras, competencia en el mercado y desempeño de las empresas: Evidencia emprica para Iberoamerica
Price-setting in Mexico and the real effects of monetary shocks
The role of credit on the evolution of wealth inequality in the USA
Forecasting short-run inflation volatility using futures prices: An empirical analysis from a value at risk perspective
Measuring the cost of U.S. housing policy
Bargaining for fiscal control: Tax federalism in Brazil and Mexico, 1870-1940
Changes in inflation predictability in major Latin American countries
Income instability and fiscal progression
Aggregate effects of a universal social insurance fiscal reform
Endowments, fiscal federalism, and the cost of capital for states: Evidence from Brazil, 1891-1930
An evaluation of the 1997 fiscal decentralization reform in Mexico: The case of the health sector
Labor heterogeneity and the pattern of trade
Decisiones financieras, competencia en el mercado y desempeño de las empresas: Evidencia emprica para Iberoamerica
Price-setting in Mexico and the real effects of monetary shocks
The role of credit on the evolution of wealth inequality in the USA
Forecasting short-run inflation volatility using futures prices: An empirical analysis from a value at risk perspective
Measuring the cost of U.S. housing policy
Bargaining for fiscal control: Tax federalism in Brazil and Mexico, 1870-1940
Changes in inflation predictability in major Latin American countries
Income instability and fiscal progression
Aggregate effects of a universal social insurance fiscal reform
Endowments, fiscal federalism, and the cost of capital for states: Evidence from Brazil, 1891-1930
An evaluation of the 1997 fiscal decentralization reform in Mexico: The case of the health sector
Labor heterogeneity and the pattern of trade
Decisiones financieras, competencia en el mercado y desempeño de las empresas: Evidencia emprica para Iberoamerica
Price-setting in Mexico and the real effects of monetary shocks
The role of credit on the evolution of wealth inequality in the USA
Forecasting short-run inflation volatility using futures prices: An empirical analysis from a value at risk perspective