fiscal multipliers

Menzie Chinn

from Palgrave Macmillan

Abstract: The concept of fiscal multipliers is examined in the context of the major theoretical approaches. Differing methods of calculating multipliers are then recounted (structural equations, VAR, simulation). The sensitivity of estimates to conditioning on the state of the economy (slack, financial system) and policy regimes (exchange rate system, monetary policy reaction function) is discussed.

Keywords: crowding out; debt; deficits; fiscal; monetary reaction function; portfolio balance; Ricardian equivalence; spending; taxes (search for similar items in EconPapers)
JEL-codes: E43 E62 F33 F41 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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