What Do We Know About Fiscal Multipliers?
41 Pages Posted: 16 Dec 2015
Date Written: December 2015
Abstract
The Empirical evidence on fiscal multipliers is very heterogenous. In this paper we first survey available estimates of fiscal multipliers to try to understand their heterogeneity. We provide a general framework that allows to make the identification and specification choices made by the different authors explict and leads hopefully to a better understanding of the heterogeneity of results.
Keywords: fiscal adjustment, fiscal plans, output growth
JEL Classification: E62, H60
Suggested Citation: Suggested Citation
Favero, Carlo A. and Karamysheva, Madina, What Do We Know About Fiscal Multipliers? (December 2015). CEPR Discussion Paper No. DP10986, Available at SSRN: https://ssrn.com/abstract=2704480
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