How Big (Small?) Are Fiscal Multipliers? PDF
By:Ethan Ilzetzki,Mr. Enrique G. Mendoza,Mr. Carlos A. Végh Gramont
Published on 2011-03-01 by International Monetary Fund
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.
This Book was ranked at 33 by Google Books for keyword International Economics novel.
Book ID of How Big (Small?) Are Fiscal Multipliers?'s Books is P-jU5QITu3oC, Book which was written byEthan Ilzetzki,Mr. Enrique G. Mendoza,Mr. Carlos A. Végh Gramonthave ETAG "nSk7KHhOt78"
Book which was published by International Monetary Fund since 2011-03-01 have ISBNs, ISBN 13 Code is 9781455296613 and ISBN 10 Code is 1455296619
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Book which have "66 Pages" is Printed at BOOK under CategoryBusiness and Economics
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