Fiscal Multipliers in Recessions and Expansions Does It Matter Whether Government Spending is Increasing or Decreasing? /
Using non-linear methods, this paper finds that existing estimates of government spending multipliers in expansion and recession may yield biased results by ignoring whether government spending is increasing or decreasing. For industrial countries, the problem originates in the fact that, contrary t...
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| Format: | Electronic Book |
| Language: | English |
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Washington, D.C. :
The World Bank,
2014
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| Series: | Policy research working papers
World Bank e-Library |
| Subjects: |
Internet
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