Plötscher, Michael; Seidel, Tobias; Westermann, Frank - In: Kredit und Kapital 38 (2005) 1, pp. 23-51
In this article we show that the empirically measured multiplier effect of fiscal policy is significant for Germany in … contribute to the small multiplier effect. We demonstrate by means of a counterfactual analysis that the Keynesian multiplier … effect of government spending is 2.44, whilst the multiplier effect of tax revenues stands at -1.78 when leaving these …
