Ilzetzki, Ethan; Mendoza, Enrique G.; Végh, Carlos A. - 2010
"We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government …, openness to trade, and public indebtedness. Based on a novel quarterly dataset of government expenditure in 44 countries, we … find that (i) the output effect of an increase in government consumption is larger in industrial than in developing …