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A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA)
Di Serio, M., Fragetta, M., Gasteiger, E. & Melina, G. (2024). The Euro area government spending multiplier in demand- and supply-driven recessions. Oxford Bulletin of Economics and Statistics. 86 (6), 1342-1372
Exportar Referência (IEEE)
M. D. Serio et al.,  "The Euro area government spending multiplier in demand- and supply-driven recessions", in Oxford Bulletin of Economics and Statistics, vol. 86, no. 6, pp. 1342-1372, 2024
Exportar BibTeX
@article{serio2024_1734884756666,
	author = "Di Serio, M. and Fragetta, M. and Gasteiger, E. and Melina, G.",
	title = "The Euro area government spending multiplier in demand- and supply-driven recessions",
	journal = "Oxford Bulletin of Economics and Statistics",
	year = "2024",
	volume = "86",
	number = "6",
	doi = "10.1111/obes.12626",
	pages = "1342-1372",
	url = "https://onlinelibrary.wiley.com/journal/14680084"
}
Exportar RIS
TY  - JOUR
TI  - The Euro area government spending multiplier in demand- and supply-driven recessions
T2  - Oxford Bulletin of Economics and Statistics
VL  - 86
IS  - 6
AU  - Di Serio, M.
AU  - Fragetta, M.
AU  - Gasteiger, E.
AU  - Melina, G.
PY  - 2024
SP  - 1342-1372
SN  - 0305-9049
DO  - 10.1111/obes.12626
UR  - https://onlinelibrary.wiley.com/journal/14680084
AB  - We estimate government spending multipliers in demand- and supply-driven recessions for the Euro Area. Multipliers in a moderately demand-driven recession are two to three times larger than in a moderately supply-driven recession, with the difference between multipliers being non-zero with very high probability. More generally, multipliers are inversely correlated with the deviation of inflation from its trend, implying that the more demand-driven a recession, the higher the multiplier. Multipliers range from 0.5 in supply-driven recessions to about 2 in demand-driven recessions. The econometric approach leverages a factor-augmented interacted vector-autoregression model purified of expectations (FAIPVAR-X). The model captures the time-varying state of the business-cycle including strongly and moderately demand- and supply-driven recessions, by taking the whole distribution of inflation deviations from trend into account.
ER  -