Fiscal Spending Multiplier in Selected European Union Countries

Nikolay Velichkov ()

Nauchni trudove, 2020, issue 5, 127-139

Abstract: This paper estimates the fiscal spending multiplier in Bulgaria, Poland, Romania, Estonia, Denmark, Germany, Greece, and Italy for the 2000-2018 period. It is calculated by algebraically transforming the traditional Keynesian multiplier formula. In addition, the formula is subjected to further modification to take into account the impact of various structural and conjunctural factors, such as business cycle, trade openness, exchange rate regime, and fiscal sustainability, which all have an impact on the multiplier effect.

Keywords: fiscal multiplier; business cycle; trade openness; exchange rate regime; fiscal sustainability (search for similar items in EconPapers)
JEL-codes: E32 E62 H50 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2020:i:5:p:127-139

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