| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29531 |
| 来源ID | Working Paper 29531 |
| Fiscal Multipliers in the COVID19 Recession | |
| Alan J. Auerbach; Yuriy Gorodnichenko; Peter McCrory; Daniel Murphy | |
| 发表日期 | 2021-12-06 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal policy in the current environment with widespread shelter-in-place (“lockdown”) policies and the associated considerable limits on economic activity. Using detailed regional variation in economic conditions, lockdown policies, and U.S. government spending, we document that the effects of government spending were stronger during the peak of the pandemic recession, but only in cities that were not subject to strong stay-at-home orders. We examine mechanisms that can account for our evidence and place our findings in the context of other recent evidence from microdata. |
| 主题 | Macroeconomics ; Business Cycles ; Fiscal Policy ; Public Economics ; Taxation ; COVID-19 |
| URL | https://www.nber.org/papers/w29531 |
| 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/587205 |
| 推荐引用方式 GB/T 7714 | Alan J. Auerbach,Yuriy Gorodnichenko,Peter McCrory,et al. Fiscal Multipliers in the COVID19 Recession. 2021. |
| 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 | ||
| w29531.pdf（357KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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