On the Algebraic Calculation of the Fiscal Multiplier

2019 ◽  
Author(s):  
Ahmed Mehedi Nizam
1986 ◽  
Vol 33 (4) ◽  
pp. 2833-2835 ◽  
Author(s):  
I. Benjamin ◽  
R. D. Levine

2021 ◽  
pp. 103852
Author(s):  
Travis Berge ◽  
Maarten De Ridder ◽  
Damjan Pfajfar

2011 ◽  
Author(s):  
Eric Leeper ◽  
Nora Traum ◽  
Todd Walker
Keyword(s):  

2012 ◽  
Vol 83 (3) ◽  
pp. 502-522 ◽  
Author(s):  
Stefan Mittnik ◽  
Willi Semmler
Keyword(s):  

1996 ◽  
Vol 98 (2) ◽  
pp. 219 ◽  
Author(s):  
Huw Dixon ◽  
Phillip Lawler

1990 ◽  
Vol 31 (8) ◽  
pp. 1951-1954 ◽  
Author(s):  
Arvind Narayan Vaidya ◽  
Henrique Boschi Filho

2012 ◽  
Vol 13 (Supplement) ◽  
pp. 13-35
Author(s):  
Gernot Müller

AbstractThe conduct of fiscal policy has been altered considerably in the context of the global financial crisis, that is, at times when financial markets conditions were extraordinary turbulent. Yet financial market conditions determine how fiscal impulses are transmitted through the economy and, eventually, the size of the fiscal multiplier. I develop a comprehensive perspective on how financial market conditions alter the effects of fiscal policy on economic activity within a New Keynesian framework. Drawing on historical as well as systematic considerations, I distinguish a scenario of 1) “normal times” characterized by smoothly operating financial markets, 2) financial markets characterized by tight credit conditions in the private sector and constraints on monetary policy and 3) financial markets, in addition, characterized by high sovereign risk. I argue that the size and even the sign of the multiplier may differ across these scenarios.


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