Essec\Faculty\Model\Contribution {#2233
#_index: "academ_contributions"
#_id: "2906"
#_source: array:26 [
"id" => "2906"
"slug" => "why-do-fiscal-multipliers-depend-on-fiscal-positions"
"yearMonth" => "2019-10"
"year" => "2019"
"title" => "Why do fiscal multipliers depend on fiscal Positions?"
"description" => "HUIDROMA, R., AYHAN KOSE, M., LIM, J., OHNSORGE, F.L. et FRANZISKA, L.O. (2019). Why do fiscal multipliers depend on fiscal Positions? <i>Journal of Monetary Economics</i>, 114, pp. 109-125."
"authors" => array:5 [
0 => array:3 [
"name" => "LIM Jamus"
"bid" => "B00741035"
"slug" => "lim-jamus"
]
1 => array:1 [
"name" => "HUIDROMA R."
]
2 => array:1 [
"name" => "AYHAN KOSE M."
]
3 => array:1 [
"name" => "OHNSORGE F.L."
]
4 => array:1 [
"name" => "FRANZISKA L. O."
]
]
"ouvrage" => ""
"keywords" => array:6 [
0 => "Fiscal multipliers"
1 => "Fiscal position"
2 => "State-dependency"
3 => "Ricardian channel"
4 => "Interest rate channel"
5 => "Business cycle"
]
"updatedAt" => "2021-09-24 10:33:27"
"publicationUrl" => "https://doi.org/10.1016/j.jmoneco.2019.03.004"
"publicationInfo" => array:3 [
"pages" => "109-125"
"volume" => "114"
"number" => null
]
"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" => """
The fiscal position can affect fiscal multipliers through two channels. Through the Ricar-dian channel, households reduce consumption in anticipation of future fiscal adjustments when fiscal stimulus is implemented from a weak fiscal position. Through the interest rate\n
channel, fiscal stimulus from a weak fiscal position heightens investors’ concerns about sovereign credit risk, raises economy wide borrowing cost, and reduces private domestic demand. We document empirically the relevance of these two channels using an Interactive Panel Vector Auto Regression model. We find that fiscal multipliers tend to be smaller when fiscal positions are weak than strong.
"""
"en" => """
The fiscal position can affect fiscal multipliers through two channels. Through the Ricar-dian channel, households reduce consumption in anticipation of future fiscal adjustments when fiscal stimulus is implemented from a weak fiscal position. Through the interest rate\n
channel, fiscal stimulus from a weak fiscal position heightens investors’ concerns about sovereign credit risk, raises economy wide borrowing cost, and reduces private domestic demand. We document empirically the relevance of these two channels using an Interactive Panel Vector Auto Regression model. We find that fiscal multipliers tend to be smaller when fiscal positions are weak than strong.
"""
]
"authors_fields" => array:2 [
"fr" => "Economie"
"en" => "Economics"
]
"indexedAt" => "2024-12-24T03:21:52.000Z"
"docTitle" => "Why do fiscal multipliers depend on fiscal Positions?"
"docSurtitle" => "Articles"
"authorNames" => "<a href="/cv/lim-jamus">LIM Jamus</a>, HUIDROMA R., AYHAN KOSE M., OHNSORGE F.L., FRANZISKA L. O."
"docDescription" => "<span class="document-property-authors">LIM Jamus, HUIDROMA R., AYHAN KOSE M., OHNSORGE F.L., FRANZISKA L. O.</span><br><span class="document-property-authors_fields">Economie</span> | <span class="document-property-year">2019</span>"
"keywordList" => "<a href="#">Fiscal multipliers</a>, <a href="#">Fiscal position</a>, <a href="#">State-dependency</a>, <a href="#">Ricardian channel</a>, <a href="#">Interest rate channel</a>, <a href="#">Business cycle</a>"
"docPreview" => "<b>Why do fiscal multipliers depend on fiscal Positions?</b><br><span>2019-10 | Articles </span>"
"docType" => "research"
"publicationLink" => "<a href="https://doi.org/10.1016/j.jmoneco.2019.03.004" target="_blank">Why do fiscal multipliers depend on fiscal Positions?</a>"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 9.24815
+"parent": null
}
