Belliveau, Stefan (2012): Estimates of the fiscal impact multiplier in reduced-form equations.
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An 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.
|Item Type:||MPRA Paper|
|Original Title:||Estimates of the fiscal impact multiplier in reduced-form equations.|
|Keywords:||Business cycles; fiscal policy|
|Subjects:||E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E62 - Fiscal Policy
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles
|Depositing User:||Stefan Belliveau|
|Date Deposited:||05. Mar 2012 12:39|
|Last Modified:||12. Feb 2013 16:08|
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Available Versions of this Item
Estimates of the fiscal impact multiplier in reduced-form equations. (deposited 05. Mar 2012 12:39)
- Estimation of the fiscal impact multiplier in reduced-form equations. (deposited 07. Mar 2012 16:47)