The aggregate effects of government income transfers shocks: EU evidence.

IF 1.7 4区经济学 Q2 ECONOMICS

Series-Journal of the Spanish Economic Association Pub Date : 2023-01-01 DOI:10.1007/s13209-022-00271-x

Susana Párraga Rodríguez, Banco de España

引用次数: 0

Abstract

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.

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政府收入转移冲击的总体效应:欧盟证据。

本文以欧盟国家为样本，估计了政府收入转移冲击的总体效应。我基于欧洲中央银行体系(ESCB)公共财政专家的数据集构建了一个新的转移冲击衡量标准。识别策略包括对ESCB数据集中报告的老年养老金政策行动的叙述分析。我发现老年养老金的增加对总支出构成和就业有积极的影响，与0和1之间的乘数效应一致。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Series-Journal of the Spanish Economic Association ECONOMICS-

CiteScore

2.30

自引率

7.70%

发文量

审稿时长

13 weeks

期刊介绍： SERIEs is a single-blind peer-reviewed open access journal. In the Journal Citation Reports (JCR) the impact factor of the journal in 2020 is 1.088 and, in Scopus, we are in the top quartile according to Scimago Journal Ranking and the CiteScores. SERIEs - Journal of the Spanish Economic Association is the result of a merger between the two most important academic economics journals in Spain: Spanish Economic Review (SER) and Investigaciones Económicas (IE). The new journal publishes scientific articles in all areas of economics. We welcome both theoretical and empirical papers and place great value on applying high quality standards. SERIEs seeks to maintain the reputation gained by its predecessors as the most prominent economics journals in Spain, and to become a major internationally recognized journal. The journal is receptive to high-quality papers on any topic and from any source. At the same time, as official journal of the Spanish Economic Association, SERIEs is very interested in high-quality empirical papers about the Spanish and the European economy. The publication costs are covered by Spanish Economic Association so authors do not need to pay an article-processing charge. The journal operates a single-blind peer-review system, where the reviewers are aware of the names and affiliations of the authors, but the reviewer reports provided to authors are anonymous. SERIEs encourages authors to share their data where possible. For further details on the data policy for the journal please see the Springer Nature page here: https://www.springernature.com/gp/authors/research-data-policy/repositories-general/12327166 Officially cited as: SERIEs-Journal of the Spanish Economic Association