Government spending during sudden stop crises

Government Spending and Growth

Stop Us before We Spend Again: Institutional Constraints on Government Spending

A distributive politics model establishes that the presence of exogenously enforceable spending limits reduces spending and that the effect of executive veto authority is contingent on whether spending is capped and whether the chief executive is a liberal or conservative. Surprisingly, when spending limits are in place, governments with conservative executives spend more than those with more l...

Online One-Stop Government

The consortium consists of ten partners from Austria, Finland, Germany, Greece and Switzerland. They reflect different forms of government and public administrations throughout Europe. The partners represent a balanced mixture of public and private research institutions, local and global public administrations as well as relevant providers. S Si ie e m me e n ns s A A u us st t r ri ia a ((F Fi...

Government Spending: An Economic Boost?

The severe global economic downturn and the large stimulus programs that governments in many countries adopted in response have generated a resurgence in research on the effects of fiscal policy. One key lesson emerging from this research is that there is no single fiscal multiplier that sums up the economic impact of fiscal policy. Rather, the impact varies widely depending on the specific fis...

The Effectiveness of Government Expenditures during Crisis: Evidence from Regional Government Spending in Japan 1990-2000

We use a rich dataset of regional government expenditures for Japan during the 1990-2000 period to estimate from within-prefecture variation the multiplier of government investment and government consumption expenditures. Our main finding is that government spending did not have multipliers effects that are on average larger than one. Government investment had a positive and significant effect ...