The aggregate effects of government income transfers shocks: EU evidence (vol 14, pg 1, 2023)

被引：0
|
作者：
Parraga Rodriguez, Susana [1 ]
机构：
[1] Banco Espana, Alcala 48, Madrid 28014, Spain
来源：
SERIES-JOURNAL OF THE SPANISH ECONOMIC ASSOCIATION | 2023年 / 14卷 / 01期
关键词：
European Union; Fiscal multiplier; Public pensions; Transfer payments;
D O I：
10.1007/s13209-023-00274-2
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper estimates the aggregate effects of government income transfers shocks for a sample of EU countries. I construct a new measure of transfers shocks based on a dataset by public finance experts of the European System of Central Banks (ESCB). The identification strategy consists of a narrative analysis of policy actions in old age pensions reported in the ESCB dataset. I find that increases in old age pensions have a positive impact on aggregate expenditure components and employment consistent with a multiplier effect between 0 and 1. © 2023, The Author(s).
引用
收藏
页码：29 / 29
页数：1
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