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Table 1 Estimated response mutlipliers of government spending components

From: The unemployment effects of fiscal policy: recent evidence from Greece

  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
1 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
2 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
  1. Notes: GP Government purchases, GC Government consumption, GI Government inestemnt, GWB Government wage bill, GTR Government transfers.