20.500.12556/DKUM-92958 Economic inequality and the size of government expenditure shocks an empirical exercise Ekonomska neenakost in velikost multiplikatorja državnih izdatkov: empirična analiza Empirical literature explains the heterogeneity of fiscal multiplier estimates through the analysis of various cyclical and structural determinants of economies, with economic inequality, as one of the key structural characteristics, receiving relatively little attention so far. In this study, using a wide sample of countries and applying the vector autoregression methodology, we first estimated fiscal multipliers and the impact of fiscal stimuli on the dynamics of the price level. The findings indicate that the estimated fiscal multipliers are mostly positive, and fiscal stimuli tend to produce an inflationary effect. Subsequently, we examined the variability in the size of fiscal multipliers in relation to various indicators of income and wealth inequality. The key findings of this study reveal that as economic inequality increases, particularly in the context of income disparities, the size of fiscal multipliers also rises. This insight is particularly important for policymakers in designing appropriate fiscal measures in an evolving macroeconomic environment. fiscal multiplier income inequality wealth inequality VAR fiskalni multiplikator dohodkovna neenakost premoženjska neenakost VAR true false true Angleški jezik Slovenski jezik Znanstveno delo 2025-05-28 13:04:31 2025-05-28 13:04:31 2025-08-23 03:08:30 0000-00-00 00:00:00 2024 0 0 str. 1-11 no. 4 Vol. 70 dec. 2024 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 2024-12-30 330.101.541 231760899 10.2478/ngoe-2024-0019 0547-3101 https://sciendo.com/article/10.2478/ngoe-2024-0019 1 883f30ed-3bb3-11f0-a3df-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=191408 RAZ_Senekovic_Marko_2024.pdf RAZ_Senekovic_Marko_2024.pdf 1 D4E5D9C7EE7C433B5D764C2110CD6B80 aabc3650e47b1708d0d43677c05353ec7598c7f21c9f794e19e5e7c05c6fc736 cd218e26-7f41-11f0-a8d1-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=195953 Ekonomsko-poslovna fakulteta Naše gospodarstvo 0 0 0