Essec\Faculty\Model\Contribution {#2233 ▼
#_index: "academ_contributions"
#_id: "2724"
#_source: array:26 [
"id" => "2724"
"slug" => "2724-the-spending-multiplier-in-a-time-of-massive-public-debt-the-euro-area-case"
"yearMonth" => "2013-03"
"year" => "2013"
"title" => "The Spending Multiplier in a Time of Massive Public Debt: The Euro-Area Case"
"description" => "VRANCEANU, R. et BESANCENOT, D. (2013). The Spending Multiplier in a Time of Massive Public Debt: The Euro-Area Case. <i>Applied Economics Letters</i>, 20(8), pp. 758-762. 
VRANCEANU, R. et BESANCENOT, D. (2013). The Spending Multiplier in a Time of Massive Public Debt: Th "
"authors" => array:2 [
0 => array:3 [
"name" => "VRANCEANU Radu"
"bid" => "B00000524"
"slug" => "vranceanu-radu"
]
1 => array:1 [
"name" => "BESANCENOT D."
]
]
"ouvrage" => ""
"keywords" => array:4 [
0 => "Dette publique"
1 => "Éviction financière"
2 => "Multiplicateur fiscal"
3 => "Zone euro"
]
"updatedAt" => "2023-01-28 01:00:28"
"publicationUrl" => "https://halshs.archives-ouvertes.fr/hal-00728230/"
"publicationInfo" => array:3 [
"pages" => "758-762"
"volume" => "20"
"number" => "8"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
]
"support_type" => array:2 [
"fr" => "Revue scientifique"
"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "L'article étudie l'efficacité d'une relance budgétaire dans les pays fortement endettés de la zone Euro, en insistant sur "l'effet d’éviction financière". Pour une dette publique supérieure à 150% du PIB, le multiplicateur fiscal deviendrait négatif. L'article étudie l'efficacité d'une relance budgétaire dans les pays fortement endettés de la zone E "
"en" => "This article argues that in Euro-area economies, where the European Central Bank (ECB) cannot bail out financially distressed governments, the spending multiplier is adversely affected by the amount of public debt. A regression model on a panel of 26 EU countries over the last 16 years shows that a 10 percentage point increase in the debt-to-GDP ratio is connected to a slowdown in annual growth rates of 0.28 percentage point. Furthermore, the effectiveness of fiscal spending is adversely affected by the amount of public debt; in particular, when the public debt exceeds 150% of GDP, the growth impact of the deficit might turn negative. This article argues that in Euro-area economies, where the European Central Bank (ECB) cannot bail o "
]
"authors_fields" => array:2 [
"fr" => "Economie"
"en" => "Economics"
]
"indexedAt" => "2025-03-31T04:21:42.000Z"
"docTitle" => "The Spending Multiplier in a Time of Massive Public Debt: The Euro-Area Case"
"docSurtitle" => "Articles"
"authorNames" => "<a href="/cv/vranceanu-radu">VRANCEANU Radu</a>, BESANCENOT D."
"docDescription" => "<span class="document-property-authors">VRANCEANU Radu, BESANCENOT D.</span><br><span class="document-property-authors_fields">Economie</span> | <span class="document-property-year">2013</span> <span class="document-property-authors">VRANCEANU Radu, BESANCENOT D.</span><br><span class="documen "
"keywordList" => "<a href="#">Dette publique</a>, <a href="#">Éviction financière</a>, <a href="#">Multiplicateur fiscal</a>, <a href="#">Zone euro</a> <a href="#">Dette publique</a>, <a href="#">Éviction financière</a>, <a href="#">Multiplicateur fisc "
"docPreview" => "<b>The Spending Multiplier in a Time of Massive Public Debt: The Euro-Area Case</b><br><span>2013-03 | Articles </span> <b>The Spending Multiplier in a Time of Massive Public Debt: The Euro-Area Case</b><br><span>2013-03 "
"docType" => "research"
"publicationLink" => "<a href="https://halshs.archives-ouvertes.fr/hal-00728230/" target="_blank">The Spending Multiplier in a Time of Massive Public Debt: The Euro-Area Case</a> <a href="https://halshs.archives-ouvertes.fr/hal-00728230/" target="_blank">The Spending Multiplier "
]
+lang: "fr"
+"_type": "_doc"
+"_score": 8.995661
+"parent": null
}
