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Persistent link: https://www.econbiz.de/10010461195
"If there was any time to expect a large peace-time multiplier effect from federal spending in the states, it would … we estimate a multiplier, defined as the change in per capita economic activity in response to an additional dollar per … between the effects of farm subsidies and the combination of public works and relief grants. The personal income multiplier …
Persistent link: https://www.econbiz.de/10008772937
If there was any time to expect a large peace-time multiplier effect from federal spending in the states, it would have …. Using panel data methods we estimate a multiplier, defined as the change in per capita state economic activity in response … to an additional dollar per capita of federal funds. The state per capita personal income multiplier with respect to per …
Persistent link: https://www.econbiz.de/10013135808
This paper investigates whether U.S. government spending multipliers differ according to two potentially important features of the economy: (1) the amount of slack and (2) whether interest rates are near the zero lower bound. We shed light on these questions by analyzing new quarterly historical...
Persistent link: https://www.econbiz.de/10013043271
Persistent link: https://www.econbiz.de/10009737087
Persistent link: https://www.econbiz.de/10011906020
This paper investigates whether U.S. government spending multipliers differ according to two potentially important features of the economy: (1) the amount of slack and (2) whether interest rates are near the zero lower bound. We shed light on these questions by analyzing new quarterly historical...
Persistent link: https://www.econbiz.de/10012457947
determining the autonomous expenditure multiplier (AEM) values, considering the investment accelerator action. The scientific …
Persistent link: https://www.econbiz.de/10013164229
This paper estimates the macroeconomic effects of government spending shocks in New Zealand. Using a structural vector autoregression (SVAR) model, I find small output multipliers for government consumption but large multipliers for government investment. Importantly, the real exchange rate...
Persistent link: https://www.econbiz.de/10012548884
Using novel data on military spending for 129 countries in the period 1988-2013, this paper provides new evidence on the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks with an exogenous variation in military spending, we...
Persistent link: https://www.econbiz.de/10011992297