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...

Повний опис

Бібліографічні деталі
Автор: Ilzetzki, Ethan
Інші автори: Mendoza, Enrique, Vegh Gramont, Carlos
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2011.
Серія:IMF Working Papers; Working Paper ; No. 2011/052
Онлайн доступ:Full text available on IMF