How Big (Small?) Are Fiscal Multipliers?:
Saved in:
Bibliographic Details
Main Author: Ilzetzki, Ethan (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2011
Series:IMF Working Papers Working Paper No. 11/52
Links:http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
http://elibrary.imf.org/view/IMF001/11703-9781455218028/11703-9781455218028/11703-9781455218028.xml
Abstract:We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a novel quarterly dataset of government expenditure in 44 countries, we find that (i) the output effect of an increase in government consumption is larger in industrial than in developing countries, (ii) the fisscal multiplier is relatively large in economies operating under predetermined exchange rate but zero in economies operating under flexible exchange rates; (iii) fiscal multipliers in open economies are lower than in closed economies and (iv) fiscal multipliers in high-debt countries are also zero
Physical Description:1 Online-Ressource (66 p)
ISBN:1455218022
9781455218028