What Do We Know about the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers

This article reviews recent research findings on the effects of fiscal multipliers in normal times, during booms/busts, and in the presence of the zero lower bound. Studies on the effects of fiscal policy in open economy settings as well as contributions on the fiscal-monetary policy mix are also considered. We conclude by outlining a few research avenues that are particularly relevant from a policy standpoint.

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Year of publication:	2018
Authors:	Castelnuovo, Efrem ; Lim, Guay C.
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	fiscal multipliers \| business cycle \| fiscal spending taxes \| monetary policy

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Series:	CESifo Working Paper ; 7366
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1041185359 [GVK] hdl:10419/191391 [Handle] RePec:ces:ceswps:_7366 [RePEc]
Classification:	E30 - Prices, Business Fluctuations, and Cycles. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10011957182