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来源类型Working Paper
规范类型工作论文
来源IDWorking 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
URLhttps://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.
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