Fiscal multipliers in recessions
The Great Recession, and the fiscal response to it, has revived interest in the size of fiscal multipliers. Standard business cycle models have difficulties generating multipliers greater than one. And they also fail to produce any significant asymmetry in the size of the multipliers over the busine...
|Place of publication:||
Bern Univ., Fac. of Economics and Social Sciences, Dep. of Economics 2012
|published in:||Discussion Papers, Department of Economics, Universität Bern Vol. 12-04|
|Data of publication:||2012|
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