“…"In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. …”

“…While the second set of findings reveals that the government spending shock is biased toward non tradables and triggers a shift of resources for this sector, the third find- ing indicates the presence of labor mobility costs, thus preventing wage equalization across sectors. …”

“…In countries with less prevalent collective bargaining systems, a similar effect can be achieved by higher government spending. We therefore argue for a stronger role for centralised wage bargaining in economic policy-making, especially in countries where the share of government spending in GDP is low."…”

“…This allows us to disentangle the role of institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform counterfactual exercises. …”

“…This allows us to disentangle the role of institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform counterfactual exercises. …”

“…How much money did the Hungarian government spend on this food? How did Unicum get to space? …”

“…A crucial role is played by the relationship between the elasticities of average cost of debt and nominal output to primary balance: while the former depends on debt maturity and risk premia dynamics, the latter relates to the well-known controversy on the size of government spending multipliers. The paper shows an application to the ongoing fiscal consolidation process in the Eurozone."…”

“…"We analyse the effects of a government spending expansion in a DSGE model with Mortensen-Pissarides labour market frictions, deep habits in private and public consumption, investment adjustment costs, a constant-elasticity-of-substitution (CES) production function, and adjustments in employment both at the intensive as well as the extensive margin. …”

“…Afbeelding: fotomontage van Filippijnse bankbiljetten die door een afvoerputje stromen en Filippijnse peso's die in een emmer terechtkomen. Tekst: GOVERNMENT SPENDS ONE MILLION PESOS OF OUR MONEY EVERY MINUTE TO PAY DEBTS. …”

“…We provide empirical estimates of the effect of fiscal rules on fiscal balance, government spending and government revenues, using a Fiscal Rule Index. …”

“…"Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. …”

“…Prepared by the OECD Economics Department, the Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. …”

“…To prevent further expansion of government spending as a percentage of GDP, public spending efficiency will need to be raised. …”