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来源类型 | Working Paper |
规范类型 | 工作论文 |
来源ID | Working Paper19-12 |
Aggregate Effects of Budget Stimulus: Evidence from the Large Fiscal Expansions Database | |
Jérémie Cohen-Setton; Egor Gornostay; Colombe Ladreit de Lacharrière | |
发表日期 | 2019-07-15 |
出版年 | 2019 |
语种 | 英语 |
摘要 | This paper estimates the effects of fiscal stimulus on economic activity using a novel database on large fiscal expansions for 17 OECD countries for the period 1960–2006. The database is constructed by combining the statistical approach to identifying large shifts in fiscal policy with narrative evidence from contemporaneous policy documents. When correctly identified, large fiscal stimulus packages are found to have strong and persistent expansionary effects on economic activity, with a multiplier of 1 or above. The effects of stimulus are largest in slumps and smallest in booms. |
主题 | Taxes ; Government ; Fiscal Policy |
URL | https://www.piie.com/publications/working-papers/aggregate-effects-budget-stimulus-evidence-large-fiscal-expansions |
来源智库 | Peterson Institute for International Economics (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/454187 |
推荐引用方式 GB/T 7714 | Jérémie Cohen-Setton,Egor Gornostay,Colombe Ladreit de Lacharrière. Aggregate Effects of Budget Stimulus: Evidence from the Large Fiscal Expansions Database. 2019. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
wp19-12.pdf(1360KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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