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fiscal policy shocks, with military spending having the largest multiplier. Third, we show that controlling for predictable …
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In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal policy in the current environment with...
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shocks, with military spending having the largest multiplier. Third, we show that controlling for predictable components of …
Persistent link: https://www.econbiz.de/10012462346
fiscal policy shocks, with military spending having the largest multiplier. Third, we show that controlling for predictable …
Persistent link: https://www.econbiz.de/10013138745