Arbeitspapier
Fiscal Spending Multiplier Calculations based on Input-Output Tables – with an Application to EU Members
Fiscal spending multiplier calculations have been revived in the aftermath of the global financial crisis. Much of the current literature is based on VAR estimation methods and DSGE models. The aim of this paper is not a further deepening of this literature but rather to implement a calculation method of multipliers which is suitable for open economies like EU member states. To this end, Input-Output tables are used as by this means the import intake of domestic demand components can be isolated in order to get an appropriate base for the calculation of the relevant import quotas. The difference of this method is substantial - on average the calculated multipliers are 15% higher than the conventional GDP fiscal spending multiplier for EU members. Multipliers for specific spending categories are comparably high, ranging between 1.4 and 1.8 for many members of the EU. GDP drops due to budget consolidation might therefore be substantial if monetary policy is not able to react in an expansionary manner.
- Language
-
Englisch
- Bibliographic citation
-
Series: IWH Discussion Papers ; No. 1/2011
- Classification
-
Wirtschaft
History of Economic Thought: Macroeconomics
Input-Output Models
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Fiscal Policy
- Subject
-
Fiscal spending multiplier calculation
Input-Output calculus
incomeexpenditure model
European Union
stimulus
consolidation
Fiskalpolitischer Ausgabenmultiplikator
Multiplikator
Fiskalpolitik
Input-Output-Rechnung
Europäische Union
Konjunkturpolitik
Konsolidierung
- Event
-
Geistige Schöpfung
- (who)
-
Pusch, Toralf
Rannenberg, Ansgar
- Event
-
Veröffentlichung
- (who)
-
Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
- (where)
-
Halle (Saale)
- (when)
-
2011
- Handle
- URN
-
urn:nbn:de:101:1-201103183354
- Last update
-
12.04.2002, 12:23 AM CEST
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Pusch, Toralf
- Rannenberg, Ansgar
- Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
Time of origin
- 2011
Other Objects (12)
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Fiscal Spending Multiplier Calculations based on Input-Output Tables : with an Application to EU Members
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Estimation of government spending multiplier in EU economies
Natural Disasters, Government Spending, and the Fiscal Multiplier
Political connections, allocation of stimulus spending, and the jobs multiplier
Government Spending and the Income-Expenditure Model: The Multiplier, Spending Composition, and Job Guarantee Programs
Government spending and the Income-Expenditure model : The multiplier, spending composition, and job guarantee programs
The government spending multiplier, fiscal stress and the zero lower bound
The government spending multiplier, fiscal stress, and the zero lower bound
The government spending multiplier, fiscal stress and the zero lower bound
The Euro Area Government Spending Multiplier in Demand- and Supply-Driven Recessions?