Uncertainty and Public Investment Multipliers : The Role of Economic Confidence /
This paper investigates how macroeconomic uncertainty affects the fiscal multiplier of public investment. In theory, uncertainty can reduce the multiplier if the private sector becomes more cautious and does not respond to the fiscal stimulus. Conversely, it can increase the fiscal multiplier if pub...
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| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2021.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 2021/272 |
| נושאים: | |
| גישה מקוונת: | Full text available on IMF |