Napoletano, Mauro; Gaffard, Jean-Luc; Roventini, Andrea - Sciences économiques, Sciences Po - 2014
We build an agent-based model to study how fiscal multipliers can change over the business cycle. Our approach … phenomenon stemming from the interaction among an ecology of heterogeneous agents. We study fiscal multipliers in response to …. We show that fiscal multipliers are very low with both balanced-budget rules. Finally, we show that fiscal multipliers …