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2020
Government Spending Multipliers in Uncertain Times: U.S. Historical Time Series Data Evidence
거시불확실성에 따른 정부지출승수: 미국의 장기시계열 데이터를 이용한 분석
산업경제연구소
논문정보
- Publisher
- 아태경상저널
- Issue Date
- 2020-03-31
- Keywords
- -
- Citation
- -
- Source
- -
- Journal Title
- -
- Volume
- 12
- Number
- 1
- Start Page
- 31
- End Page
- 41
- DOI
- ISSN
- 20927509
Abstract
This paper examines whether the government spending multipliers vary depending on a level of macroeconomic uncertainty using U.S. historical quarterly time series data from 1900 onwards. The empirical findings reveal that the government spending multipliers in uncertain times are below unity and smaller than those in normal times.
- 전남대학교
- KCI
- 아태경상저널
저자 정보
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