What fiscal policy is most effective? A meta-regression analysis

Sebastian Gechert

Oxford Economic Papers, 2015, vol. 67, issue 3, 553-580

Abstract: I apply a meta-regression analysis to a unique data set of 104 studies on multiplier effects to derive stylized facts and quantify the differing effectiveness of the composition of fiscal impulses, adjusted for study design characteristics. Public spending multipliers are close to 1 and about 0.3 to 0.4 units larger than tax and transfer multipliers. Public investment multipliers are even larger than those of spending in general by approximately 0.5 unit. Multipliers vary with study design, whose influence should be laid open when drawing policy conclusions. The analysis provides guidance concerning influential factors, their significance, and magnitude.

Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (130)

Downloads: (external link)
http://hdl.handle.net/10.1093/oep/gpv027 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: What fiscal policy is most effective? A Meta Regression Analysis (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:oxecpp:v:67:y:2015:i:3:p:553-580.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Oxford Economic Papers is currently edited by James Forder and Francis J. Teal

More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().