The Empirical Evidence on fiscal multipliers is very heterogenous. In this paper we first survey available estimates of fiscal multipliers to try and understand their heterogeneity. We provide a general framework that allows to make the identification and specification choices made by the different authors explicit and leads hopefully to a better understanding of the heterogeneity of results
What do we know about fiscal multipliers?
FAVERO, CARLO AMBROGIO;KARAMYSHEVA, MADINA
2017
Abstract
The Empirical Evidence on fiscal multipliers is very heterogenous. In this paper we first survey available estimates of fiscal multipliers to try and understand their heterogeneity. We provide a general framework that allows to make the identification and specification choices made by the different authors explicit and leads hopefully to a better understanding of the heterogeneity of results
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