What do we know about the macroeconomic effects of fiscal policy? A brief survey of the literature on fiscal multipliers

Efrem Castelnuovo and Guay Lim

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

Abstract: This article reviews recent research findings on the effects of fiscal multipliers in normal times, during booms/busts, and in the presence of the zero lower bound. Studies on the effects of fiscal policy in open economy settings as well as contributions on the fiscal-monetary policy mix are also considered. We conclude by outlining a few research avenues that are particularly relevant from a policy standpoint.

Pages: 25 pages
Date: 2018-11
New Economics Papers: this item is included in nep-mac
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https://cama.crawford.anu.edu.au/sites/default/fil ... _castelnuovo_lim.pdf (application/pdf)

Related works:
Journal Article: What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers (2019)
Working Paper: What Do We Know about the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:een:camaaa:2018-59

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