Fiscal multipliers in a small open economy: the case of Austria

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F22%3A00119117" target="_blank" >RIV/00216224:14560/22:00119117 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1093/oep/gpab027" target="_blank" >https://doi.org/10.1093/oep/gpab027</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1093/oep/gpab027" target="_blank" >10.1093/oep/gpab027</a>

Result language
angličtina
Original language name
Fiscal multipliers in a small open economy: the case of Austria
Original language description
We estimate fiscal multipliers for Austria in a framework of model uncertainty emanating from the choice of a particular econometric model. We present a comprehensive framework that allows to assess the effects of different multiplier definitions and choices related to the data, the model employed, and further technical choices associated with the specification of the model exert on fiscal multiplier estimates. The mean present-value government spending multiplier over all models entertained, based on around 3,000 estimates, is 0.68. Estimates of the peak spending multiplier for Austria tend to be larger than present-value spending multipliers, with a mean value of 0.85. The magnitude of the present-value tax multiplier is relatively high, with an average value across specifications of −1.12 and the mean peak tax multiplier is −0.54 for all specifications used.
Czech name
—
Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics

Project
<a href="/en/project/GA17-14263S" target="_blank" >GA17-14263S: Dynamic forecast averaging of macroeconomic models</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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