Negative fiscal multipliers exceed positive multipliers during Japanese deflation

Jonathan Leightner and Tomoo Inoue

Applied Economics Letters, 2009, vol. 16, issue 15, 1523-1527

Abstract: Bi-Directional Reiterative Truncated Projected Least Squares is used with quarterly Japanese data for 1955 to 2001 to find that the multiplier effect from increases in public and private investment was less than the multiplier effect from decreases in public and private investment between 1989 and 2001.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:16:y:2009:i:15:p:1523-1527

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DOI: 10.1080/13504850701578934

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