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How Large Is the Government Spending Multiplier? Evidence from World Bank Lending

This paper proposes a novel method of isolating fluctuations in public spending that are likely to be uncorrelated with contemporaneous macroeconomic shocks and can be used to estimate government spending multipliers. The approach relies on two fea...

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Bibliographic Details
Main Author: Kraay, Aart
Language:English
Published: 2012
Subjects:
ACCOUNTING
BANK LENDING
BANK LOANS
BORROWING
CHECKS
CONSUMPTION EXPENDITURES
CREDITORS
CURRENCY UNITS
DEBT
DEBT RELIEF
DEBTS
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DISBURSEMENT
DISBURSEMENTS
DISCOUNT RATE
DISCRETIONARY FISCAL POLICY
ECONOMIC RECOVERY
ECONOMIC SHOCKS
EMERGING MARKET
EMERGING MARKET ECONOMIES
EMPLOYMENT
EQUIPMENT
EXPENDITURE
EXPENDITURES
FINANCES
FINANCIAL CRISIS
FINANCIAL SUPPORT
FISCAL EXPANSIONS
FISCAL POLICY
FISCAL STIMULUS
FUNGIBLE
GOVERNMENT CONSUMPTION
GOVERNMENT EXPENDITURES
GOVERNMENT INVESTMENT
GOVERNMENT SPENDING
GRACE PERIOD
GROWTH RATES
HOLDING
INSTITUTIONAL CAPACITY
INSTRUMENT
INTEREST RATES
INTERNATIONAL BANK
INTERNATIONAL DEVELOPMENT
INVESTING
INVESTMENT SPENDING
LOAN
LOCAL CURRENCY
MACROECONOMIC CONDITIONS
MACROECONOMIC CRISES
MACROECONOMIC DATA
MACROECONOMIC FLUCTUATIONS
MACROECONOMIC STABILIZATION
MACROECONOMICS
MATURITIES
MONETARY POLICY
MULTILATERAL LENDERS
NATURAL DISASTERS
NEGATIVE SHOCKS
POLITICAL ECONOMY
PRESENT VALUE
PRIVATE CAPITAL
PRIVATE INVESTMENT
PRIVATE SECTOR
PRODUCTIVITY
PUBLIC
PUBLIC CAPITAL
PUBLIC EXPENDITURE
PUBLIC INFORMATION
PUBLIC INVESTMENT
PUBLIC INVESTMENT SPENDING
PUBLIC POLICY
PUBLIC SPENDING
REPAYMENTS
RETURN
SAFETY NET
STOCK RETURNS
TAX
TAX OBLIGATIONS
TAX POLICY
TAXATION
TRANSPORT
TREASURY
TREASURY BILL
TREASURY BILL RATES
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101213113514
http://hdl.handle.net/10986/3983

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