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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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2021.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2021/272 |
| Предмети: | |
| Онлайн доступ: | Full text available on IMF |