How big (small?) are fiscal multipliers?
نویسندگان
چکیده
منابع مشابه
Fiscal Multipliers in Japan
In this paper, we estimate government purchase multipliers for Japan, following the approach used previously for a panel of OECD countries (Auerbach and Gorodnichenko, 2013). This approach allows multipliers to vary smoothly according to the state of the economy and uses real-time forecast data to purge policy innovations of their predictable components. For a sample period extending from 1960 ...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2013
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2012.10.011