| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15784 |
| 来源ID | Working Paper 15784 |
| On the ease of overstating the fiscal stimulus in the US, 2008-9 | |
| Joshua Aizenman; Gurnain Kaur Pasricha | |
| 发表日期 | 2010-02-25 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | This note shows that the aggregate fiscal expenditure stimulus in the United States, properly adjusted for the declining fiscal expenditure of the fifty states, was close to zero in 2009. While the Federal government stimulus prevented a net decline in aggregate fiscal expenditure, it did not stimulate the aggregate expenditure above its predicted mean. We discuss the implications of limitations on states' ability to run deficits for the design of fiscal stimulus at the federal level. We devote particular attention to intertemporal moral hazard concerns in a federal fiscal system, and ways to address these concerns. |
| 主题 | Macroeconomics ; Fiscal Policy ; International Economics ; International Finance ; Public Economics ; National Fiscal Issues ; Subnational Fiscal Issues |
| URL | https://www.nber.org/papers/w15784 |
| 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/573457 |
| 推荐引用方式 GB/T 7714 | Joshua Aizenman,Gurnain Kaur Pasricha. On the ease of overstating the fiscal stimulus in the US, 2008-9. 2010. |
| 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 | ||
| w15784.pdf（112KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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