Publicação
Fiscal policy and growth: do financial crises make a difference?
| dc.contributor.author | Afonso, António | |
| dc.contributor.author | Grüner, Hans Peter | |
| dc.contributor.author | Kolerus, Christina | |
| dc.date.accessioned | 2010-10-04T13:02:33Z | |
| dc.date.available | 2010-10-04T13:02:33Z | |
| dc.date.issued | 2010 | |
| dc.description.abstract | In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the period 1981-2007. The fiscal multiplier for the full sample for instrumented regular and crisis spending is about 0.6-0.8 considering the sample average government spending share of GDP of about one third. Altogether, we cannot reject the hypothesis that crisis spending and regular spending have the same impact using a variation of controls, sub-samples and specifications. | por |
| dc.identifier.citation | Afonso, António, Hans Peter Grüner e Christina Kolerus. 2010. "Fiscal policy and growth: do financial crises make a difference?". Instituto Superior de Economia e Gestão - DE Working papers nº 10-2010/DE/UECE | por |
| dc.identifier.issn | 0874-4548 | |
| dc.identifier.uri | http://hdl.handle.net/10400.5/2320 | |
| dc.language.iso | eng | por |
| dc.publisher | ISEG - Departamento de Economia | por |
| dc.relation.ispartofseries | DE/ Working papers nº 10-2010/DE/UECE | |
| dc.relation.publisherversion | http://aquila2.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=136282 | por |
| dc.subject | Fiscal Policy | por |
| dc.subject | Financial Crisis | por |
| dc.subject | Growth | por |
| dc.subject | OECD | por |
| dc.subject | EU | por |
| dc.subject | Panel Analysis | por |
| dc.title | Fiscal policy and growth: do financial crises make a difference? | por |
| dc.type | working paper | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | por |
| rcaap.type | workingPaper | por |