Fiscal Spending Multiplier in Selected European Union Countries

Автори

Ключови думи :

Фискален мултипликатор, Бизнес цикъл, Отвореност на търговията, Режим на валутния курс, Фискална устойчивост
E32, E62, H50

Абстракт

This paper estimates the fiscal spending multiplier in Bulgaria, Poland, Romania, Estonia, Denmark, Germany, Greece, and Italy for the 2000-2018 period. It is calculated by algebraically transforming the traditional Keynesian multiplier formula. In addition, the formula is subjected to further modification to take into account the impact of various structural and conjunctural factors, such as business cycle, trade openness, exchange rate regime, and fiscal sustainability, which all have an impact on the multiplier effect.

Литература (библиография)

P Conway, A Orr - Westpac Institutional Bank Occasional …, 2002 (2002). The GIRM: A global interest rate model. Westpac Institutional Bank Occasional Paper. URL: https://assets.dam.westpac.co.nz/is/content/wnzl/dist/all-of-bank/economic-reports/research-papers/Research-Papers_The-GIRM-Occasional-Paper_bulletin_02Sep02.pdf

K Karagyozova-Markova, G Deyanov, V Iliev - Bulgarian National Bank …, 2013 (2013). Fiscal policy and economic growth in Bulgaria. BNB Discussion Papers. URL: https://www.bnb.bg/bnbweb/groups/public/documents/bnb_publication/discussion_2013_90_en.pdf

N Velichkov - Economic Alternatives, 2016 (2016). Effects of Government Debt on Macroeconomic Activity (The Case of Bulgaria). Economic Alternatives, 1, 24-32. URL: https://www.researchgate.net/profile/Iliyan-Petrov-2/publication/358041993_Improving_Market_Structure_Analysis_Methodology_with_the_Concepts_Phase_Structure_States_and_Set_Concentration_Index/links/61ed4d175779d35951cbcfb9/Improving-Market-Structure-Analysis-Methodology-with-the-Concepts-Phase-Structure-States-and-Set-Concentration-Index.pdf#page=24

Файлове за сваляне

Публикуван

2021-03-17

Брой

Бр. 5 (2020)

Раздел (Секция)

Статии

Лиценз

Авторски права (c) 2020 Николай Величков (Автор)

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Публикация с Creative Commons Attribution 4.0 International License.

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Как да цитирате

Величков, Н. (2021). Fiscal Spending Multiplier in Selected European Union Countries. Научни трудове, 5, 127-139. https://bjiep.e-dnrs.org/index.php/rp/article/view/5336