Open Access BASE2009
The fiscal multiplier: positive or negative?
Abstract
This study examines whether the fiscal multiplier can be negative for certain types of government spending. The key result is that the fiscal multiplier can be negative if there is a high degree of substitutability between private and government consumption and government consumption is complementary to leisure.
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Sprachen
Englisch
Verlag
Turku: Aboa Centre for Economics (ACE)
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