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What do we know about the macroeconomic effects of fiscal policy? A brief survey of the literature on fiscal multipliers

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2018-04

Authors

Castelnuovo, E.
Lim, G.

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Crawford School of Public Policy, The Australian National University

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Open Access

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Abstract

This article reviews recent research findings on the effects of fiscal multipliers in normal times, during booms/busts, and in the presence of the zero lower bound. Studies on the effects of fiscal policy in open economy settings as well as contributions on the fiscal-monetary policy mix are also considered. We conclude by outlining a few research avenues that are particularly relevant from a policy standpoint.

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https://hdl.handle.net/1885/733746059

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Centre for Applied Macroeconomic Analysis Working Papers (CAMA)

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Centre for Applied Macroeconomic Analysis Working Papers

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Working/Technical Paper

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Publication

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Open Access

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59_2018_castelnuovo_lim.pdf (490.68 KB)

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