Measuring the fiscal multiplier when plans take time to implement
| dc.contributor.author | Lee, K. | |
| dc.contributor.author | Morley, James | |
| dc.contributor.author | Ong, K. | |
| dc.contributor.author | Shields, K. | |
| dc.date.accessioned | 2025-03-27T01:08:52Z | |
| dc.date.available | 2025-03-27T01:08:52Z | |
| dc.date.issued | 2019-01 | |
| dc.description.abstract | The paper describes how to measure the fiscal multiplier using budget statements on planned government spending in the current and following years alongside the data on actual outcomes. The multiplier effects can be decomposed to distinguish the effects of "?policy reactions' versus "?policy initiatives', with the latter shown to be substantially larger than the former in a study of annual US data over 1957-2016. It is noted that the fiscal initiatives undertaken following the events of 2007/2008 played an important role in mitigating the recessionary effects of the global financial crisis in the US. | |
| dc.identifier.issn | 2206-0332 | |
| dc.identifier.uri | https://hdl.handle.net/1885/733743546 | |
| dc.language.iso | en_AU | |
| dc.provenance | The publisher permission to make it open access was granted in November 2024 | |
| dc.publisher | Crawford School of Public Policy, The Australian National University | |
| dc.relation.ispartofseries | CAMA Working Paper 13/2019 | |
| dc.rights | Author(s) retain copyright | |
| dc.source | Centre for Applied Macroeconomic Analysis Working Papers | |
| dc.source.uri | https://crawford.anu.edu.au | |
| dc.title | Measuring the fiscal multiplier when plans take time to implement | |
| dc.type | Working/Technical Paper | |
| dcterms.accessRights | Open Access | |
| dspace.entity.type | Publication | |
| local.bibliographicCitation.issue | 13/2019 | |
| local.type.status | Published Version |