A short paper.
Click here Based on a novel, quarterly data set for 45 countries, we
use VAR analysis (following the identifying assumption in Blanchard and
Perotti (2002)) to compute fiscal multipliers for different
group of countries.
� We find that: (
i) multipliers are much more persistent in high income than
in emerging countries; (ii) fiscal multipliers are large under predetermined
exchange rates but essentially zero under flexible exchange rates; (iii) fiscal
multipliers are large for ...
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