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in the previous literature based on U.S. data - we find that the pooled government spending multiplier is small: below 0 ….2. This estimate, however, masks substantial heterogeneity: the debtfinanced spending multiplier is larger and can be well … above 1 if monetary policy is accommodative. The multiplier is especially large in recessions and when the government …
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Using VAR analysis on US data, we show that unanticipated fiscal expansions boost private consumption and business formation. Models with an extensive investment margin, i.e. endogenous firm and product entry, have difficulties explaining these two phenomena simultaneously. Considering different...
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. Contrary to previous research, we find no strong evidence of monetary accommodation, a positive and larger fiscal multiplier in …
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countries, (ii) the fisscal multiplier is relatively large in economies operating under predetermined exchange rate but zero in …
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. Contrary to previous research, we find no strong evidence of monetary accommodation, a positive and larger fiscal multiplier in …
Persistent link: https://www.econbiz.de/10013050083