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DESPERATE TIMES CALL FOR DESPERATE MEASURES: GOVERNMENT SPENDING MULTIPLIERS IN HARD TIMES.

We investigate state‐dependent effects of fiscal multipliers and allow for endogenous sample splitting to determine whether the U.S. economy is in a slack state. When the endogenized slack state is estimated as the period of the unemployment rate higher than about 12%, the estimated cumulative multi...

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Publicado en:Economic Inquiry Vol. 58; no. 4; pp. 1949 - 1958
Autores principales: Lee, Sokbae, Liao, Yuan, Seo, Myung Hwan, Shin, Youngki
Formato: Artículo
Publicado: Wiley-Blackwell Oct2020
Materias:
United States
Fiscal policy
Economics
Analog multipliers
Employment statistics
COVID-19
Acceso en línea:Ver este registro en EBSCOhost