G2TT
来源类型Policy insights
规范类型论文
来源IDPolicy Insight 79
Policy Insight 79: Fiscal multipliers in downturns and the effects of Eurozone consolidation
Andrew Hughes Hallett; Ansgar Rannenberg; Sebastian Gechert
发表日期2015-02-25
出版年2015
语种英语
摘要The literature on fiscal multipliers has expanded greatly since the outbreak of the Global Crisis. CEPR Policy Insight 79 reports on a meta-regression analysis of ?scal multipliers collected from a broad set of empirical reduced form models. Multiplier estimates are signi?cantly higher during economic downturns. Spending multipliers exceed tax multipliers, especially during recessions. The authors estimate that the Eurozone?s fiscal consolidation ? most significantly transfer cuts ? reduced GDP by 4.3% relative to the no-consolidation baseline in 2011, increasing to 7.7% in 2013.
URLhttps://cepr.org/publications/policy-insight-79-fiscal-multipliers-downturns-and-effects-eurozone-consolidation
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/546700
推荐引用方式
GB/T 7714
Andrew Hughes Hallett,Ansgar Rannenberg,Sebastian Gechert. Policy Insight 79: Fiscal multipliers in downturns and the effects of Eurozone consolidation. 2015.
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