Mankart, Jochen; Priftis, Romanos; Oikonomou, Rigas - International Research Conference on Household … - 2022
This paper shows that debt-financed fiscal multipliers vary depending on the maturity of debt issued to finance … financed with short term debt increases output more than one financed with long term debt. The reason for this result is that … short term debt financed government spending shock makes it easier for constrained households to meet their spending needs …