| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7245 |
| DP7245 The Consequences of Radical Reform: The French Revolution | |
| Daron Acemoğlu; Simon Johnson; James Robinson; Davide Cantoni | |
| 发表日期 | 2009-03-29 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. Because of modeling uncertainty, it is essential that policy evaluations be robust to alternative assumptions. We find that models currently being used in practice to evaluate fiscal policy stimulus proposals are not robust. Government spending multipliers in an alternative empirically-estimated and widely-cited new Keynesian model are much smaller than in these old Keynesian models; the estimated stimulus is extremely small just when needed most, and GDP and employment effects are only one-sixth as large, with private sector employment impacts likely to be even smaller. |
| 主题 | International Macroeconomics |
| 关键词 | Fiscal policy Government spending Keynesian models Model uncertainty Multiplier |
| URL | https://cepr.org/publications/dp7245 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536082 |
| 推荐引用方式 GB/T 7714 | Daron Acemoğlu,Simon Johnson,James Robinson,et al. DP7245 The Consequences of Radical Reform: The French Revolution. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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