| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17272 |
| 来源ID | Working Paper 17272 |
| Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy | |
| Carlo Favero; Francesco Giavazzi; Jacopo Perego | |
| 发表日期 | 2011-08-04 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | This paper shows how the richer frequency and variety of fiscal policy shocks available in an international sample can be analyzed recognizing the heterogeneity that exists across different countries. The main conclusion of our empirical analysis is that the question "what is the fiscal policy multiplier" is an ill-posed one. There is no unconditional fiscal policy multiplier. The effect of fiscal policy on output is different depending on the different debt dynamics, the different degree of openness and the different fiscal reaction functions across different countries. There are many fiscal multipliers and an average fiscal multiplier is of very little use to describe the effect of exogenous shifts in fiscal policy on output. |
| 主题 | Macroeconomics ; Fiscal Policy ; Public Economics ; National Fiscal Issues |
| URL | https://www.nber.org/papers/w17272 |
| 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/574947 |
| 推荐引用方式 GB/T 7714 | Carlo Favero,Francesco Giavazzi,Jacopo Perego. Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy. 2011. |
| 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 | ||
| w17272.pdf（392KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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