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Die makroökonomischen Wirkungen diskretionärer Fiskalpolitik in Deutschland – Was wissen wir empirisch?

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  • Michael W.M. Roos

Abstract

This article surveys the empirical literature on the effects of discretionary fiscal policy on the German macroeconomy. Although the qualitative and quantitative effects of fiscal policy are often discussed among politicians and in the public, economists only recently renewed their interest in this topic and have produced only few empirical studies for Germany so far. While older macroeconometric models generally predict positive effects of expansionary policies on output in the short run, newer SVAR studies disagree on the direction of the expected effects. There is, however, some agreement that the effects are likely to be small.

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  • Michael W.M. Roos, 2007. "Die makroökonomischen Wirkungen diskretionärer Fiskalpolitik in Deutschland – Was wissen wir empirisch?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 8(4), pages 293-308, November.
    • Handle: RePEc:bla:perwir:v:8:y:2007:i:4:p:293-308
    DOI: 10.1111/j.1468-2516.2007.00253.x
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    1. Rettet Frankfurt, aber vergesst nicht Neukölln!
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    3. Tenhofen Jörn & Wolff Guntram B. & Heppke-Falk Kirsten H., 2010. "The Macroeconomic Effects of Exogenous Fiscal Policy Shocks in Germany: A Disaggregated SVAR Analysis," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 230(3), pages 328-355, June.
    4. Dilla, Diana, 2017. "Staatsverschuldung und Verschuldungsmentalität [Public Debt and Debt Mentality]," MPRA Paper 79432, University Library of Munich, Germany.
    5. Roos Michael W. M., 2015. "Die Komplexitätsökonomik und ihre Implikationen für die Wirtschaftspolitik," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(4), pages 379-392, December.
    6. Ulrich Klüh & Wolfgang Wiegard & Karl-Hans Hartwig & Thomas Bauer & Busso Grabow, 2009. "How will the second economic stimulus package help?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(02), pages 03-15, January.
    7. Baum, Anja & Koester, Gerrit B., 2011. "The impact of fiscal policy on economic activity over the business cycle - evidence from a threshold VAR analysis," Discussion Paper Series 1: Economic Studies 2011,03, Deutsche Bundesbank.
    8. Heiko T. Burret & Lars P. Feld, 2013. "Fiscal Institutions in Germany," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 149(II), pages 249-290, June.
    9. Michael W. M. Roos, 2009. "Die deutsche Fiskalpolitik während der Wirtschaftskrise 2008/2009," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 10(4), pages 389-412, November.
    10. Ansgar Belke, 2009. "Fiscal Stimulus Packages and Uncertainty in Times of Crisis. Economic Policy for Open Economies," Economic Analysis and Policy, Elsevier, vol. 39(1), pages 25-46, March.

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