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

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...

Full description

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

Internet

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

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

Internet

Similar Items