{"id":118656,"date":"2024-01-22T22:07:17","date_gmt":"2024-01-22T21:07:17","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/118656\/"},"modified":"2024-11-07T04:58:06","modified_gmt":"2024-11-07T03:58:06","slug":"fiskalmultiplikatoren-in-der-krise","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/118656\/","title":{"rendered":"Fiscal Multipliers in the Crisis"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-118656","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"As from 2010, as a consequence of the international financial market crisis, a number of countries which had been struggling with budget deficits and high public debt already before the crisis were unable to obtain market financing at viable conditions. In Europe, many highly-indebted countries were induced to secure or restore their credibility with financial markets by adopting fiscal austerity programmes. The advocates of such a policy are convinced that this strategy, while being painful, will eventually yield lasting gains in economic prosperity sooner than a policy inspired by the Keynesian paradigm. By contrast, the \"Keynesians\" associate with fiscal consolidation in times of crisis only further (unnecessary) sacrifices of output with irreversible income losses. For the sake of avoiding a recession they call for a temporary disregard of the debt pressure and for an increase in fiscal deficits until the danger of recession is averted.","onlinedate":"2013-12-12 01:00:00","lang":"German","publication_series":"","publication_date":"20131201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":351165,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"86","monthly_report_pages":"977-984","monthly_report_pages_sort":"977","issue":"12","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3468],"persons_data":"[{\"personId\":3468,\"personName\":\"Heinz Handler\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Handler, H.<\\\/span> (2013). <span>Fiskalmultiplikatoren in der Krise<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>86<\\\/em>(12), 977-984. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/47079\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/47079<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Handler H<\\\/span>. <span class=\\\"title\\\"><span>Fiskalmultiplikatoren in der Krise<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2013 Dec;86(12):977-984.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{4581b66edc6f4ab2b04f09a9c22549e1,<\\\/div><div>  title    = \\\"Fiskalmultiplikatoren in der Krise\\\",<\\\/div><div>  abstract = \\\"Als wichtige Indikatoren f{\\\\\\\"u}r die Frage, ob Schuldnerl{\\\\\\\"a}nder eher mit fiskalischer Austerit{\\\\\\\"a}t oder Expansion aus einer Krise herausfinden k{\\\\\\\"o}nnen, gelten Fiskalmultiplikatoren. Sie erreichen in der Krise viel h{\\\\\\\"o}here Werte als in Normalzeiten; mit einer drastischen Budgetkonsolidierung k{\\\\\\\"o}nnte deshalb eine Abw{\\\\\\\"a}rtsspirale im realen Sektor der Wirtschaft in Gang gesetzt werden. Erweist sich daher f{\\\\\\\"u}r ein Land eine Austerit{\\\\\\\"a}tspolitik zun{\\\\\\\"a}chst als unvermeidlich, so sollte sie nicht schockartig, sondern flie{\\\\ss}end einsetzen und in glaubw{\\\\\\\"u}rdige, langfristig angelegte Fiskal- und Strukturreformen eingebettet sein.\\\",<\\\/div><div>  keywords = \\\"Karl Aiginger 65 Jahre Fiskalpolitik\\\",<\\\/div><div>  author   = \\\"Heinz Handler\\\",<\\\/div><div>  note     = \\\"Fiskalmultiplikatoren\\\",<\\\/div><div>  year     = \\\"2013\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"86\\\",<\\\/div><div>  pages    = \\\"977--984\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Fiskalmultiplikatoren in der Krise<\\\/p><p>AU  - Handler, Heinz<\\\/p><p>N1  - Fiskalmultiplikatoren<\\\/p><p>PY  - 2013\\\/12<\\\/p><p>Y1  - 2013\\\/12<\\\/p><p>N2  - Als wichtige Indikatoren f\u00fcr die Frage, ob Schuldnerl\u00e4nder eher mit fiskalischer Austerit\u00e4t oder Expansion aus einer Krise herausfinden k\u00f6nnen, gelten Fiskalmultiplikatoren. Sie erreichen in der Krise viel h\u00f6here Werte als in Normalzeiten; mit einer drastischen Budgetkonsolidierung k\u00f6nnte deshalb eine Abw\u00e4rtsspirale im realen Sektor der Wirtschaft in Gang gesetzt werden. Erweist sich daher f\u00fcr ein Land eine Austerit\u00e4tspolitik zun\u00e4chst als unvermeidlich, so sollte sie nicht schockartig, sondern flie\u00dfend einsetzen und in glaubw\u00fcrdige, langfristig angelegte Fiskal- und Strukturreformen eingebettet sein.<\\\/p><p>AB  - Als wichtige Indikatoren f\u00fcr die Frage, ob Schuldnerl\u00e4nder eher mit fiskalischer Austerit\u00e4t oder Expansion aus einer Krise herausfinden k\u00f6nnen, gelten Fiskalmultiplikatoren. Sie erreichen in der Krise viel h\u00f6here Werte als in Normalzeiten; mit einer drastischen Budgetkonsolidierung k\u00f6nnte deshalb eine Abw\u00e4rtsspirale im realen Sektor der Wirtschaft in Gang gesetzt werden. Erweist sich daher f\u00fcr ein Land eine Austerit\u00e4tspolitik zun\u00e4chst als unvermeidlich, so sollte sie nicht schockartig, sondern flie\u00dfend einsetzen und in glaubw\u00fcrdige, langfristig angelegte Fiskal- und Strukturreformen eingebettet sein.<\\\/p><p>KW  - Karl Aiginger 65 Jahre Fiskalpolitik<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 86<\\\/p><p>SP  - 977<\\\/p><p>EP  - 984<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fiscal Multipliers in the Crisis - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/118656\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fiscal Multipliers in the Crisis\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/118656\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T03:58:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/118656\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/118656\\\/\",\"name\":\"Fiscal Multipliers in the Crisis - 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