The role of expenditure duration in fiscal multipliers over the business cycle

Matthijs Schendstok

Economics Letters, 2021, vol. 198, issue C

Abstract: Projects funded by the Department of Transportation that are authorized to begin construction during periods of slack are completed more quickly than during expansions. The results suggest fiscal multipliers of authorized funds may vary over the business cycle.

Keywords: Fiscal policy; Fiscal multipliers; Duration analysis; Infrastructure (search for similar items in EconPapers)
JEL-codes: C41 E32 E63 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:198:y:2021:i:c:s0165176520304201

DOI: 10.1016/j.econlet.2020.109660

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