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...

Полное описание

Библиографические подробности
Главный автор: Ilzetzki, Ethan
Другие авторы: Mendoza, Enrique, Vegh Gramont, Carlos
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2011.
Серии:IMF Working Papers; Working Paper ; No. 2011/052
Online-ссылка:Full text available on IMF