How Big (Small?) are Fiscal Multipliers? /

We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a novel...

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Détails bibliographiques
Auteur principal: Ilzetzki, Ethan
Autres auteurs: Mendoza, Enrique, Vegh Gramont, Carlos
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2011.
Collection:IMF Working Papers; Working Paper ; No. 2011/052
Accès en ligne:Full text available on IMF