| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14782 |
| 来源ID | Working Paper 14782 |
| New Keynesian versus Old Keynesian Government Spending Multipliers | |
| John F. Cogan; Tobias Cwik; John B. Taylor; Volker Wieland | |
| 发表日期 | 2009-03-12 |
| 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 modelling 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 | Econometrics ; Estimation Methods ; Macroeconomics ; Fiscal Policy |
| URL | https://www.nber.org/papers/w14782 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572458 |
| 推荐引用方式 GB/T 7714 | John F. Cogan,Tobias Cwik,John B. Taylor,et al. New Keynesian versus Old Keynesian Government Spending Multipliers. 2009. |
| 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 | ||
| w14782.pdf（82KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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