Estimating Fiscal Multipliers with Correlated Heterogeneity /
We estimate the average fiscal multiplier, allowing multipliers to be heterogeneous across countries or over time and correlated with the size of government spending. We demonstrate that this form of nonseparable unobserved heterogeneity is empirically relevant and address it by estimating a correla...
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| 格式: | 雜誌 |
| 語言: | English |
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Washington, D.C. :
International Monetary Fund,
2016.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2016/013 |
| 在線閱讀: | Full text available on IMF |