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Table 2 Estimated cumulative 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 ΣΔΥ/ΣΔGP ΣΔu/ΣΔGP ΣΔu/ΣΔGP (2012) ΣΔΥ/ΣΔGC ΣΔu/ΣΔGC ΣΔu/ΣΔGC (2012) ΣΔΥ/ΣΔGI ΣΔu/ΣΔGI ΣΔu/ΣΔGI (2012) ΣΔΥ/ΣΔGWB ΣΔu/ΣΔGWB ΣΔu/ΣΔGWB (2012) ΣΔΥ/ΣΔNGT ΣΔu/ΣΔGTR ΣΔu/ΣΔGTR (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 0.54 -0.24 -0.49 0.46 -0.25 -0.52 1.03 -0.08 -0.17 2.33 -0.72 -1.49 0.42 0.21 0.44
1 year 0.93 -0.74 -1.54 1.05 -0.96 -2.00 0.85 -0.33 -0.69 6.17 -2.72 -5.65 0.38 0.35 0.72
2 years 1.28 -0.91 -1.89 1.68 -1.55 -3.21 0.72 -0.35 -0.73 12.58 -6.25 -12.98 0.33 0.33 0.69
  1. Notes: GP Government purchases, GC Government consumption, GI Government inestemnt, GWB Government wage bill, GTR Government transfers.