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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Detalhes bibliográficos
Autor principal: Ilzetzki, Ethan
Outros Autores: Mendoza, Enrique, Vegh Gramont, Carlos
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2011.
Colecção:IMF Working Papers; Working Paper ; No. 2011/052
Acesso em linha:Full text available on IMF