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Fiscal Stimulus with Spending Reversals / / Gernot Müller, Giancarlo Corsetti, Andre Meier
| Fiscal Stimulus with Spending Reversals / / Gernot Müller, Giancarlo Corsetti, Andre Meier |
| Autore | Müller Gernot |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (41 p.) |
| Altri autori (Persone) |
CorsettiGiancarlo
MeierAndre |
| Collana | IMF Working Papers |
| Soggetto topico |
Expenditures, Public
Fiscal policy Banks and Banking Foreign Exchange Public Finance National Government Expenditures and Related Policies: General Interest Rates: Determination, Term Structure, and Effects Fiscal Policy Public finance & taxation Finance Currency Foreign exchange Macroeconomics Expenditure Real exchange rates Real interest rates Long term interest rates Interest rates |
| ISBN |
1-4623-2954-3
1-4527-8336-5 9786612843211 1-282-84321-4 1-4518-7253-4 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Model; A. Final Good Firms; B. Intermediate Good Firms; C. Households; D. Government; E. Equilibrium; III. Fiscal Policy Transmission with Spending Reversals; A. Parameterization; Tables; 1. Parameterization of the Model; B. Quantitative Analysis; Figures; 1. Effect of Government Spending Shocks: Sticky Price vs. Flexible Price Allocation; 2. Effect of Government Spending Shocks: Debt-Stabilizing vs. Debt- Insensitive Spending Rule; 3. Effect of Government Spending Shocks: Model with Limited Participation in Asset Markets; IV. Time Series Evidence
A. VAR SpecificationB. Results; 4. Fiscal Policy Transmission According to VAR Model: Effects of VAR Shock; 5. Fiscal Policy Transmission According to VAR Model: Effects of Military Event; V. Conclusion; References; Appendices; I. More Simulation Results; Appendix Figures; A.1. Effect of Government Spending Shocks: Debt-Stabilizing vs. Debt- Insensitive Government Spending under Complete Markets; A.2. Effects of Government Spending Shocks: High Debt Elasticity of Interest Rates vs. Baseline; II. Data; III. Sensitivity Analysis of VAR Results A.3. Fiscal Policy Transmission According to VAR Model: Effects of VAR Shock. Sensitivity AnalysisA.4. Fiscal Policy Transmission According to VAR Model: Effects of Military Event. Sensitivity Analysis; A.5. Fiscal Policy Transmission According to VAR Model: Effects of VAR Shock in Nominal VAR; A.6. Fiscal Policy Transmission According to VAR Model: Effects of Military Event in Nominal VAR |
| Record Nr. | UNINA-9910788335603321 |
Müller Gernot
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Fiscal Stimulus with Spending Reversals / / Gernot Müller, Giancarlo Corsetti, Andre Meier
| Fiscal Stimulus with Spending Reversals / / Gernot Müller, Giancarlo Corsetti, Andre Meier |
| Autore | Müller Gernot |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (41 p.) |
| Disciplina | 332.1 |
| Altri autori (Persone) |
CorsettiGiancarlo
MeierAndre |
| Collana | IMF Working Papers |
| Soggetto topico |
Expenditures, Public
Fiscal policy Banks and Banking Currency Expenditure Finance Fiscal Policy Foreign Exchange Foreign exchange Interest rates Interest Rates: Determination, Term Structure, and Effects Long term interest rates Macroeconomics National Government Expenditures and Related Policies: General Public finance & taxation Public Finance Real exchange rates Real interest rates |
| ISBN |
9786612843211
9781462329540 1462329543 9781452783369 1452783365 9781282843219 1282843214 9781451872538 1451872534 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Model; A. Final Good Firms; B. Intermediate Good Firms; C. Households; D. Government; E. Equilibrium; III. Fiscal Policy Transmission with Spending Reversals; A. Parameterization; Tables; 1. Parameterization of the Model; B. Quantitative Analysis; Figures; 1. Effect of Government Spending Shocks: Sticky Price vs. Flexible Price Allocation; 2. Effect of Government Spending Shocks: Debt-Stabilizing vs. Debt- Insensitive Spending Rule; 3. Effect of Government Spending Shocks: Model with Limited Participation in Asset Markets; IV. Time Series Evidence
A. VAR SpecificationB. Results; 4. Fiscal Policy Transmission According to VAR Model: Effects of VAR Shock; 5. Fiscal Policy Transmission According to VAR Model: Effects of Military Event; V. Conclusion; References; Appendices; I. More Simulation Results; Appendix Figures; A.1. Effect of Government Spending Shocks: Debt-Stabilizing vs. Debt- Insensitive Government Spending under Complete Markets; A.2. Effects of Government Spending Shocks: High Debt Elasticity of Interest Rates vs. Baseline; II. Data; III. Sensitivity Analysis of VAR Results A.3. Fiscal Policy Transmission According to VAR Model: Effects of VAR Shock. Sensitivity AnalysisA.4. Fiscal Policy Transmission According to VAR Model: Effects of Military Event. Sensitivity Analysis; A.5. Fiscal Policy Transmission According to VAR Model: Effects of VAR Shock in Nominal VAR; A.6. Fiscal Policy Transmission According to VAR Model: Effects of Military Event in Nominal VAR |
| Record Nr. | UNINA-9910970779603321 |
|
Müller Gernot
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
What Determines Government Spending Multipliers? / / Gernot Müller, Andre Meier, Giancarlo Corsetti
| What Determines Government Spending Multipliers? / / Gernot Müller, Andre Meier, Giancarlo Corsetti |
| Autore | Müller Gernot |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (47 p.) |
| Altri autori (Persone) |
MeierAndre
CorsettiGiancarlo |
| Collana | IMF Working Papers |
| Soggetto topico |
Multiplier (Economics)
Monetary policy Financial Risk Management Foreign Exchange Public Finance Fiscal Policy Comparative or Joint Analysis of Fiscal and Monetary Policy Stabilization Treasury Policy Open Economy Macroeconomics National Government Expenditures and Related Policies: General Financial Crises Public finance & taxation Currency Foreign exchange Macroeconomics Economic & financial crises & disasters Expenditure Fiscal policy Financial crises Exchange rate arrangements Real exchange rates Expenditures, Public |
| ISBN |
1-4755-2871-X
1-4755-5692-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; 1 Introduction; 2 Fiscal policy in different economic environments; 2.1 A theoretical benchmark; 2.2 Pegged exchange rates; 2.3 Weak public finances; 2.4 Financial crises; 3 Empirical strategy; 3.1 Identification issues; 3.2 The first step: Identifying government spending shocks; 3.3 The second step: Tracing the effects of government spending in different economic environments; 3.4 The data; 4 Systematic and non-systematic changes in government spending; 5 The effects of government spending shocks; 5.1 Unconditional effects; 5.2 Accounting for the economic environment
5.3 Sensitivity analysis6 Conclusion; References; Tables; Table 1. Composition of Initial and Final Samples; Table 2. Data Sources and Definitions; Table 3. Results of First-Step Regression; Table 4. Summary Statistics for Estimated Government Spending Shocks; Table 5. Overview of Dummy Characteristics; Figure 5: Results for narrow definition of financial crisis; Figure 6: Results for alternative definition of weak public finances (government debt > 120 percent of GDP and/or lagged net borrowing > 7 percent of GDP); Figure 7: Results for difference specification Figure 8: Results for first-step specification which includes contemporaneous value of crisis dummyFigure 9: Results without CLI in first step; Figure 10: Results for sample without 2007-2008; Figure 11: Results for sample without United States |
| Record Nr. | UNINA-9910779500803321 |
|
Müller Gernot
|
||
| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
What Determines Government Spending Multipliers? / / Gernot Müller, Andre Meier, Giancarlo Corsetti
| What Determines Government Spending Multipliers? / / Gernot Müller, Andre Meier, Giancarlo Corsetti |
| Autore | Müller Gernot |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (47 p.) |
| Disciplina | 332.1 |
| Altri autori (Persone) |
CorsettiGiancarlo
MeierAndre |
| Collana | IMF Working Papers |
| Soggetto topico |
Multiplier (Economics)
Monetary policy Comparative or Joint Analysis of Fiscal and Monetary Policy Currency Economic & financial crises & disasters Exchange rate arrangements Expenditure Expenditures, Public Financial Crises Financial crises Financial Risk Management Fiscal Policy Fiscal policy Foreign Exchange Foreign exchange Macroeconomics National Government Expenditures and Related Policies: General Open Economy Macroeconomics Public finance & taxation Public Finance Real exchange rates Stabilization Treasury Policy |
| ISBN |
9781475528718
147552871X 9781475556926 1475556926 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; 1 Introduction; 2 Fiscal policy in different economic environments; 2.1 A theoretical benchmark; 2.2 Pegged exchange rates; 2.3 Weak public finances; 2.4 Financial crises; 3 Empirical strategy; 3.1 Identification issues; 3.2 The first step: Identifying government spending shocks; 3.3 The second step: Tracing the effects of government spending in different economic environments; 3.4 The data; 4 Systematic and non-systematic changes in government spending; 5 The effects of government spending shocks; 5.1 Unconditional effects; 5.2 Accounting for the economic environment
5.3 Sensitivity analysis6 Conclusion; References; Tables; Table 1. Composition of Initial and Final Samples; Table 2. Data Sources and Definitions; Table 3. Results of First-Step Regression; Table 4. Summary Statistics for Estimated Government Spending Shocks; Table 5. Overview of Dummy Characteristics; Figure 5: Results for narrow definition of financial crisis; Figure 6: Results for alternative definition of weak public finances (government debt > 120 percent of GDP and/or lagged net borrowing > 7 percent of GDP); Figure 7: Results for difference specification Figure 8: Results for first-step specification which includes contemporaneous value of crisis dummyFigure 9: Results without CLI in first step; Figure 10: Results for sample without 2007-2008; Figure 11: Results for sample without United States |
| Record Nr. | UNINA-9910974168203321 |
|
Müller Gernot
|
||
| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||