Estimates of the fiscal impact multiplier in reduced-form equations
AbstractAn analysis of the multiplier for the US federal government's consumption expenditures is presented. A simple approach to identify the influence of the federal government's consumption expenditures on economic activity using reduced-form equations is clearly presented and examined using annual US data from 1929-2011. The conclusion from this analysis is that estimates from reduced-form equations can inform fiscal-policy decision making.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 37103.
Date of creation: 05 Mar 2012
Date of revision:
Business cycles; fiscal policy;
Find related papers by JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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"Identifying Government Spending Shocks: It's All in the Timing,"
NBER Working Papers
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- Valerie A. Ramey, 2011. "Identifying Government Spending Shocks: It's all in the Timing," The Quarterly Journal of Economics, Oxford University Press, vol. 126(1), pages 1-50.
- Daniel L. Thornton, 1984.
"Monetizing the debt,"
Federal Reserve Bank of St. Louis, issue Dec, pages 30-43.
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