Blot, Christophe; Cochard, Marion; Ducoudre, Bruno; … - Sciences économiques, Sciences Po - 2014
fiscal multiplier is time-varying. Recent empirical evidence has indeed shown that fiscal multipliers were higher in time of … debt and output gap is simulated according to different hypothesis related to fiscal multiplier, monetary policy and … to spread austerity in order to report part of consolidation to periods where the fiscal multiplier will be weaker. The …