Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/233270 
Authors: 
Year of Publication: 
2009
Series/Report no.: 
Discussion paper No. 54
Publisher: 
Aboa Centre for Economics (ACE), Turku
Abstract: 
This study examines whether the fiscal multiplier can be negative for certain types of government spending. The key result is that the fiscal multiplier can be negative if there is a high degree of substitutability between private and government consumption and government consumption is complementary to leisure.
Subjects: 
fiscal policy
fiscal multiplier
effectiveness of fiscal policy
JEL: 
E62
H31
H42
Document Type: 
Working Paper

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