Arbeitspapier
Extraordinary Measures: The Role of Debt Levels in Fiscal Policy Responses to Covid-19
We use SVAR models for 18 economies to estimate how much fiscal policy deviated from pre-pandemic norms during the Covid-19 pandemic. For most countries, fiscal policy was more expansive than the pre-pandemic norm predicts based on the state of the economy during the pandemic. The size of the deviation from the pre-pandemic norm is not related to the level of government debt on the eve of the pandemic, as fiscal space concepts would predict.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 10852
- Klassifikation
-
Wirtschaft
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
National Government Expenditures and Related Policies: General
Econometric Modeling: General
- Thema
-
Covid-19
fiscal policy
SVAR
fiscal space
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Elbourne, Adam
Piccillo, Giulia
Velentzas, Konstantinos
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 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
- Elbourne, Adam
- Piccillo, Giulia
- Velentzas, Konstantinos
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2023
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