Citation

Discussion Paper Details

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Title: What Do We Know About Fiscal Multipliers?

Author(s): Carlo A. Favero and Madina Karamysheva

Publication Date: December 2015

Keyword(s): fiscal adjustment, fiscal plans and output growth

Programme Area(s): International Macroeconomics and Finance

Abstract: The Empirical evidence on fiscal multipliers is very heterogenous. In this paper we first survey available estimates of fiscal multipliers to try to understand their heterogeneity. We provide a general framework that allows to make the identification and specification choices made by the different authors explict and leads hopefully to a better understanding of the heterogeneity of results.

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Bibliographic Reference

Favero, C and Karamysheva, M. 2015. 'What Do We Know About Fiscal Multipliers?'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10986