Table 1 Estimated response mutlipliers of government spending components
From: The unemployment effects of fiscal policy: recent evidence from Greece
| Â | Government purchases | Government consumption | Government investment | Government wage bill | Government transfer | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Horizon | ΔΥ/Δ(GP) | Δu/Δ(GP) | Δu/Δ(GP) (2012) | ΔΥ/Δ(GC) | Δu/Δ(GC) | Δu/Δ(GC) (2012) | ΔΥ/Δ(GI) | Δu/Δ(GI) | Δu/Δ(GI) (2012) | ΔΥ/Δ(GWB) | Δu/Δ(GWB) | Δu/Δ(GWB) (2012) | ΔΥ/Δ(GTR) | Δu/Δ(GTR) | Δu/Δ(GTR) (2012) |
Impact | 0.41 | -0.15 | -0.32 | 0.29 | -0.17 | -0.34 | 1.14 | -0.04 | -0.09 | 0.92 | -0.30 | -0.62 | 0.41 | 0.04 | 0.08 |
1st quarter | 0.25 | -0.14 | -0.28 | 0.29 | -0.15 | -0.31 | 0.50 | -0.09 | -0.18 | 0.97 | -0.29 | -0.59 | -0.07 | 0.13 | 0.28 |
1Â year | 0.23 | -0.20 | -0.42 | 0.20 | -0.23 | -0.48 | 0.03 | -0.16 | -0.32 | 0.49 | -0.31 | -0.65 | -0.02 | 0.00 | -0.01 |
2Â years | 0.17 | -0.09 | -0.19 | 0.06 | -0.06 | -0.13 | -0.04 | 0.00 | -0.01 | 0.23 | -0.16 | -0.33 | 0.00 | 0.00 | 0.00 |