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来源类型 | Policy insights |
规范类型 | 论文 |
来源ID | Policy 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. |
URL | https://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. |
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 | ||
PolicyInsight79.pdf(403KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
PolicyInsight79.png(45KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | ![]() 浏览 |
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