On theories and estimation techniques of fiscal multipliers

Sebastian Gechert

No 11-2017, FMM Working Paper from IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute

Abstract: The fiscal multiplier is a condensed key figure of the complex transmission mechanism of fiscal policy into output. I give an overview and systemize the numerous contributions to the theory and measurement of multipliers. The analysis is not confined to a certain model class but is intended to be as inclusive as possible to lay out the relevant channels of influence that have been discussed in the literature, while pointing to some blind spots. I also review the econometric problems when estimating fiscal multipliers and the estimation techniques at hand.

Keywords: Fiscal multiplier; literature review; history of economic thought (search for similar items in EconPapers)
JEL-codes: B00 E62 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2017
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:imk:fmmpap:11-2017

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