| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25457 |
| 来源ID | Working Paper 25457 |
| Local Fiscal Multipliers and Fiscal Spillovers in the United States | |
| Alan J. Auerbach; Yuriy Gorodnichenko; Daniel Murphy | |
| 发表日期 | 2019-01-21 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We estimate local fiscal multipliers and spillovers for the United States using a rich dataset based on U.S. Department of Defense contracts and a variety of outcome variables relating to income and employment. We find strong positive spillovers across locations and industries. Both backward linkages and general equilibrium effects (e.g., income multipliers) contribute to the positive spillovers. Geographical spillovers appear to dissipate fairly quickly with distance. Our evidence points to the relevance of Keynesian-type models that feature excess capacity. |
| 主题 | Macroeconomics ; Fiscal Policy ; Public Economics ; National Fiscal Issues |
| URL | https://www.nber.org/papers/w25457 |
| 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/583131 |
| 推荐引用方式 GB/T 7714 | Alan J. Auerbach,Yuriy Gorodnichenko,Daniel Murphy. Local Fiscal Multipliers and Fiscal Spillovers in the United States. 2019. |
| 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 | ||
| w25457.pdf（692KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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