| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10584 |
| DP10584 Stimulus versus Austerity: The Asymmetric Government Spending Multiplier | |
| Régis Barnichon; Christian Matthes | |
| 发表日期 | 2015-05-10 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Despite intense scrutiny estimates of the government spending multiplier remain highly uncertain with values ranging from 0.5 to 2. While a fiscal consolidation is generally assumed to have the same (mirror-image) effect as a fiscal expansion, we show that relaxing this assumption is crucial to understanding the effects of fiscal policy. The government spending multiplier is substantially below 1 for fiscal expansions, but the multiplier is substantially above 1 for fiscal consolidations. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Fiscal policy Gaussian mixture approximation |
| URL | https://cepr.org/publications/dp10584 |
| 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/539416 |
| 推荐引用方式 GB/T 7714 | Régis Barnichon,Christian Matthes. DP10584 Stimulus versus Austerity: The Asymmetric Government Spending Multiplier. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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