This paper addresses the following issues: What are fiscal multipliers? Why are multipliers important for macroeconomic projections and policy design? What do we know about the size and persistence of multipliers? What are the determinants of multipliers? In countries where data availability limits the scope for empirical research, how to come up with multiplier estimates? How to incorporate multipliers in macroeconomic projections?
Fiscal Multipliers: Size, Determinants, and Use in Macroeconomic Projections
FORNI, LORENZO;
2014
Abstract
This paper addresses the following issues: What are fiscal multipliers? Why are multipliers important for macroeconomic projections and policy design? What do we know about the size and persistence of multipliers? What are the determinants of multipliers? In countries where data availability limits the scope for empirical research, how to come up with multiplier estimates? How to incorporate multipliers in macroeconomic projections?File in questo prodotto:
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