Fiscal Multipliers in Advanced and Developing Countries

Released on by Viacheslav Sheremirov
preview-18

  • Fiscal Multipliers in Advanced and Developing Countries Book Detail

  • Author : Viacheslav Sheremirov
  • Release Date : 2019
  • Publisher :
  • Genre :
  • Pages :
  • ISBN 13 :
  • File Size : 50,50 MB
DOWNLOAD BOOK

Fiscal Multipliers in Advanced and Developing Countries by Viacheslav Sheremirov PDF Summary

Book Description: Using novel data on military spending for 129 countries in the period 1988-2013, this paper provides new evidence on the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks with an exogenous variation in military spending, we estimate one-year fiscal multipliers in the range 0.75-0.85. The cumulative multipliers remain significantly different from zero within three years after the shock. We find substantial heterogeneity in the multipliers across groups of countries. We then explore three potential sources leading to heterogeneous effects of fiscal policy: the state of the economy, openness to trade, and the exchange-rate regime. We find that the multipliers are especially large in recessions, in closed economies, and under a fixed exchange rate. We also discuss other potential reasons for heterogeneous effects of fiscal policy, such as its implementation and coordination with the monetary authority.

Disclaimer: www.yourbookbest.com does not own Fiscal Multipliers in Advanced and Developing Countries books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

How Big (Small?) are Fiscal Multipliers?

How Big (Small?) are Fiscal Multipliers?

File Size : 68,68 MB
Total View : 3471 Views
DOWNLOAD

We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key c

Fiscal Multipliers

Fiscal Multipliers

File Size : 45,45 MB
Total View : 5586 Views
DOWNLOAD

Fiscal multipliers are important tools for macroeconomic projections and policy design. In many countries, little is known about the size of multipliers, as dat