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dc.contributor.authorBank, Alexanderen
dc.date.accessioned2011-05-26-
dc.date.accessioned2012-11-06T15:27:28Z-
dc.date.available2012-11-06T15:27:28Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aLeibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät |cHannoveren
dc.relation.ispartofseries|aDiskussionsbeitrag |x470en
dc.subject.jelC32en
dc.subject.jelE62en
dc.subject.jelH30en
dc.subject.ddc330en
dc.subject.keywordDiscretionary fiscal policyen
dc.subject.keywordGermanyen
dc.subject.keywordstructural vector autoregressionen
dc.subject.stwFinanzpolitiken
dc.subject.stwDiskretionäre Politiken
dc.subject.stwWirkungsanalyseen
dc.subject.stwKonjunkturen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleEffects of discretionary fiscal policy: New empirical evidence for Germany-
dc.typeWorking Paperen
dc.identifier.ppn660707624en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:han:dpaper:dp-470en

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