| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16479 |
| 来源ID | Working Paper 16479 |
| How Big (Small?) are Fiscal Multipliers? | |
| Ethan Ilzetzki; Enrique G. Mendoza; Carlos A. Végh | |
| 发表日期 | 2010-10-21 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We contribute to the debate on the macroeconomic effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a novel quarterly dataset of government expenditure in 44 countries, we find that (i) the output effect of an increase in government consumption is larger in industrial than in developing countries, (ii) the fiscal multiplier is relatively large in economies operating under predetermined exchange rates but is zero in economies operating under flexible exchange rates; (iii) fiscal multipliers in open economies are smaller than in closed economies; (iv) fiscal multipliers in high-debt countries are negative. |
| 主题 | Macroeconomics ; Consumption and Investment ; Fiscal Policy ; International Economics ; International Macroeconomics ; Public Economics ; National Fiscal Issues |
| URL | https://www.nber.org/papers/w16479 |
| 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/574153 |
| 推荐引用方式 GB/T 7714 | Ethan Ilzetzki,Enrique G. Mendoza,Carlos A. Végh. How Big (Small?) are Fiscal Multipliers?. 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 | ||
| w16479.pdf（295KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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