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Fiscal Multipliers in Recessions and Expansions : Does It Matter Whether Government Spending Is Increasing or Decreasing?

Using non-linear methods, this paper finds that existing estimates of government spending multipliers in expansion and recession may yield biased results by ignoring whether government spending is increasing or decreasing. For industrial countries,...

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Bibliographic Details
Main Authors: Riera-Crichton, Daniel, Vegh, Carlos A., Vuletin, Guillermo
Language:English
en_US
Published: World Bank Group, Washington, DC 2014
Subjects:
BUSINESS CYCLE
BUSINESS CYCLES
CENTRAL BANKS
CONFIDENCE
DEBT
DEVELOPING COUNTRIES
EMERGING MARKETS
EXCHANGE RATE
EXPANSIONARY IMPACT
EXPANSIONARY POLICIES
EXPANSIONARY POLICY
FACE VALUE
FISCAL POLICY
FULL EMPLOYMENT
GOVERNMENT EXPENDITURE
GOVERNMENT SPENDING
INTERNATIONAL BANK
MACROECONOMIC POLICIES
MONETARY ECONOMICS
REMEDY
TAX
Online Access:http://documents.worldbank.org/curated/en/2014/07/19898940/fiscal-multipliers-recessions-expansions-matter-whether-government-spending-increasing-or-decreasing
http://hdl.handle.net/10986/19389

Internet

http://documents.worldbank.org/curated/en/2014/07/19898940/fiscal-multipliers-recessions-expansions-matter-whether-government-spending-increasing-or-decreasing
http://hdl.handle.net/10986/19389

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