This paper analyzes the relationship between fiscal multipliers and fiscal positions of governments using an Interactive Panel Vector Auto Regression model and a large data-set of advanced and developing economies. The methodology permits tracing the endogenous relationship between fiscal multipliers and fiscal positions while maintaining enough degrees of freedom to draw sharp inferences. The paper reports three major results. First, the fiscal multipliers...
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详细
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2016/06/22
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政策研究报告
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WPS7724
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1
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1
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2016/06/22
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Disclosed
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Do fiscal multipliers depend on fiscal positions ?
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business cycle