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Fiscal multipliers in recessions and expansions : does it matter whether government spending is increasing or decreasing ? (English)

Using non-linear methods, this paper finds that existing estimates of government spending multipliers in expansion and recession may yield biased results by ignoring whether government spending is increasing or decreasing. ... See More +

Policy Research Working Paper WPS6993 JUL 01, 2014

Riera-Crichton, Daniel; Vegh, Carlos A.; Vuletin, Guillermo Disclosed