Freedman, Charles; Kumhof, Michael; Laxton, Douglas; … - In: Journal of Monetary Economics 57 (2010) 5, pp. 506-526
The IMF's Global Integrated Monetary and Fiscal Model is used to compute short-run multipliers of fiscal stimulus measures and long-run crowding-out effects of higher debt. Multipliers of two-year stimulus range from 0.2 to 2.2 depending on the fiscal instrument, the extent of monetary...
