Illing, Gerhard; Watzka, Sebastian - In: German Economic Review 15 (2014) 2, pp. 259-271
type="main" xml:id="geer12027-abs-0001" <title type="main">Abstract</title> <p>The article reviews the debate on government spending multiplier and provides a detailed discussion of the underlying economic mechanisms, focusing on the role of the state of the business cycle and the monetary policy reaction. Special emphasis...</p>