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dc.contributor.authorBank, Alexanderen_US
dc.date.accessioned2011-05-26en_US
dc.date.accessioned2012-11-06T15:27:28Z-
dc.date.available2012-11-06T15:27:28Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/66026-
dc.description.abstractThis paper analyses the effects of discretionary fiscal policy by presenting new empirical evidence for Germany within a structural vector autoregression (SVAR) framework. Following Blanchard and Perotti (2002), the SVAR model is identified by applying institutional information. We find no compelling evidence for the effectiveness of discretionary fiscal policy. Cutting taxes does not tend to stabilise the business cycle. Increasing government expenditure has an ambiguous effect on GDP for the basic specification. However, by controlling for the influence of inflation, higher government expenditure does not either tend to stabilise economic activity. The results are robust to various modifications.en_US
dc.language.isoengen_US
dc.publisherWirtschaftswiss. Fak., Leibniz Univ. Hannoveren_US
dc.relation.ispartofseriesDiscussion Paper, Wirtschaftswissenschaftliche Fakultät, Leibniz Universität Hannover 470en_US
dc.subject.jelC32en_US
dc.subject.jelE62en_US
dc.subject.jelH30en_US
dc.subject.ddc330en_US
dc.subject.keywordDiscretionary fiscal policyen_US
dc.subject.keywordGermanyen_US
dc.subject.keywordstructural vector autoregressionen_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwDiskretionäre Politiken_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleEffects of discretionary fiscal policy: New empirical evidence for Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn660707624en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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