Fiscal Multipliers, Oil Revenues and Balance Sheet Effects

Borradores de Economia
Número: 
976
Publicado: 
Clasificación JEL: 
D91, E21, E62
Palabras clave: 
Fiscal multipliers, fiscal policy rules, non-Ricardian households, DSGE model

Lo más reciente

Francisco Javier Lasso-Valderrama, Mario Andrés Ramos-Veloza
Andrés Nicolás Herrera-Rojas, David Camilo López-Valenzuela, Juan José Ospina-Tejeiro, Jesús Antonio Bejarano-Rojas

Fiscal multipliers are different across countries and according with economic circumstances. The studies about the effect of a government spending shock on output have focus their attention on the behavior of consumption. However, the crowding out of inve