Abstract

http://ssrn.com/abstract=2209121
 


 



Fiscal Multipliers


Menzie David Chinn


University of Wisconsin, Madison - Robert M. La Follette School of Public Affairs and Department of Economics; National Bureau of Economic Research (NBER)

January 29, 2013

La Follette School of Public Affairs Working Paper No. 2015-002

Abstract:     
The concept of fiscal multipliers is examined, in the context of the major theoretical approaches. Differing methods of calculating multipliers are then recounted (structural equations, VAR, simulation). The sensitivity of estimates to conditioning on the state of the economy (slack, financial system) and policy regimes (exchange rate system, monetary policy reaction function) is discussed.

Number of Pages in PDF File: 17

Keywords: fiscal, spending, taxes, deficits, debt, crowding out, Ricardian equivalence, crowding out, portfolio balance, monetary reaction function

JEL Classification: E62, E43, F33, F41

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Date posted: January 31, 2013  

Suggested Citation

Chinn, Menzie David, Fiscal Multipliers (January 29, 2013). La Follette School of Public Affairs Working Paper No. 2015-002. Available at SSRN: http://ssrn.com/abstract=2209121 or http://dx.doi.org/10.2139/ssrn.2209121

Contact Information

Menzie David Chinn (Contact Author)
University of Wisconsin, Madison - Robert M. La Follette School of Public Affairs and Department of Economics ( email )
1180 Observatory Drive
Madison, WI 53706-1393
United States
608-262-7397 (Phone)
608-262-2033 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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