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

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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