Medium-Term Fiscal Multipliers during Protracted Recessions /
The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment by estimating medium-term fiscal multipliers during protracted recessions (PR) in a sample of 17 OECD countries. Based on Jorda's (2005) local projection methodology, we find th...
| Hlavní autor: | |
|---|---|
| Další autoři: | , |
| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
2014.
|
| Edice: | IMF Working Papers; Working Paper ;
No. 2014/213 |
| On-line přístup: | Full text available on IMF |