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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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 ...
Continue reading ...