Journal Article
Why Do Economists Still Disagree over Government Spending Multipliers?
Abstract: Public debate about the effects of government spending heated up after record-large stimulus packages were enacted to address the fallout of the fi nancial crisis. Almost as noticeable as the discord was the absence of consensus among prominent economists on the issue. While it seems a simple problem to estimate the effect of government spending on output?the size of the government multiplier?it is anything but.
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https://doi.org/10.26509/frbc-ec-201409
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2014
Issue: May
Order Number: 9