What is the value of the fiscal multipliers today?
By Xavier Timbeau We inherited higher public deficits and greatly increased public debts from the crisis (Table 1). Reducing these will require a major fiscal […]
Day: November 21, 2012
A review of the recent literature on fiscal multipliers: size matters!
By Eric Heyer Are the short-term fiscal multipliers being underestimated? Is there any justification for the belief that fiscal restraint can be used to drastically reduce […]