| 000 | 02526cam a22003737 4500 | ||
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| 001 | w16479 | ||
| 003 | NBER | ||
| 005 | 20211020111042.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s2010 mau fo 000 0 eng d | ||
| 100 | 1 | _aIlzetzki, Ethan. | |
| 245 | 1 | 0 |
_aHow Big (Small?) are Fiscal Multipliers? / _cEthan Ilzetzki, Enrique G. Mendoza, Carlos A. Végh. |
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_aCambridge, Mass. _bNational Bureau of Economic Research _c2010. |
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_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w16479 |
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| 500 | _aOctober 2010. | ||
| 520 | 3 | _aWe contribute to the debate on the macroeconomic 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 quarterly dataset of government expenditure in 44 countries, we find that (i) the output effect of an increase in government consumption is larger in industrial than in developing countries, (ii) the fiscal multiplier is relatively large in economies operating under predetermined exchange rates but is zero in economies operating under flexible exchange rates; (iii) fiscal multipliers in open economies are smaller than in closed economies; (iv) fiscal multipliers in high-debt countries are negative. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aE2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy _2Journal of Economic Literature class. |
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| 690 | 7 |
_aE6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook _2Journal of Economic Literature class. |
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| 690 | 7 |
_aF41 - Open Economy Macroeconomics _2Journal of Economic Literature class. |
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| 690 | 7 |
_aH5 - National Government Expenditures and Related Policies _2Journal of Economic Literature class. |
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| 700 | 1 | _aMendoza, Enrique G. | |
| 700 | 1 | _aVégh, Carlos A. | |
| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w16479. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w16479 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w16479 |
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_2ddc _cW-PAPER |
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_c331644 _d290206 |
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