G2TT
来源类型Discussion paper
规范类型论文
来源IDDP8829
DP8829 Fiscal Policy in a Financial Crisis: Standard Policy vs. Bank Rescue Measures
Robert Kollmann; Werner Roeger
发表日期2012-02-01
出版年2012
语种英语
摘要A key dimension of fiscal policy during the financial crisis was massive government support for the banking system. The macroeconomic effects of that support have, so far, received little attention in the literature. This paper fills this gap, using a quantitative dynamic model with a banking sector. Our results suggest that state aid for banks may have a strong positive effect on real activity. Bank state aid multipliers are in the same range as conventional fiscal spending multipliers. Support for banks has a positive effect on investment, while a rise in government purchases crowds out investment.
主题International Macroeconomics
关键词Financial crisis Fiscal stimulus Real activity State support for banks
URLhttps://cepr.org/publications/dp8829
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/537665
推荐引用方式
GB/T 7714
Robert Kollmann,Werner Roeger. DP8829 Fiscal Policy in a Financial Crisis: Standard Policy vs. Bank Rescue Measures. 2012.
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