scholarly journals Local and Aggregate Fiscal Policy Multipliers

Author(s):  
Bill Dupor ◽  
Rodrigo Guerrero
2017 ◽  
Vol 92 ◽  
pp. 16-30 ◽  
Author(s):  
Bill Dupor ◽  
Rodrigo Guerrero

2012 ◽  
Vol 4 (2) ◽  
pp. 46-68 ◽  
Author(s):  
Jeffrey Clemens ◽  
Stephen Miran

Balanced budget requirements lead to substantial pro-cyclicality in state government spending, with the stringency of a state's rules driving the pace at which it must adjust to shocks. We show that fiscal institutions can generate natural experiments in deficit-financed spending that are informative regarding fiscal stabilization policy. Alternative sources of variation in subnational fiscal policy often implicitly involve “windfall” financing, which precludes any effect of future debt or taxation on current consumption and investment. Consistent with a role for these “Ricardian” effects, our estimates are smaller than those in related studies, implying an on-impact multiplier below 1. (JEL C51, E32, E62, H72)


2019 ◽  
Author(s):  
Ali Alichi ◽  
Ippei Shibata ◽  
Kadir Tanyeri

2012 ◽  
Vol 34 (3) ◽  
pp. 845-873 ◽  
Author(s):  
Jacopo Cimadomo ◽  
Agnès Bénassy-Quéré

2019 ◽  
Vol 19 (72) ◽  
pp. 1 ◽  
Author(s):  
Ali Alichi ◽  
Ippei Shibata ◽  
Kadir Tanyeri

2015 ◽  
Vol 35 (2) ◽  
pp. 197
Author(s):  
Marco A. F. H. Cavalcanti ◽  
Luciano Vereda

Sign in / Sign up

Export Citation Format

Share Document