Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/181469
Authors: 
Gechert, Sebastian
Year of Publication: 
2017
Series/Report no.: 
FMM Working Paper 11
Abstract: 
The fiscal multiplier is a condensed key figure of the complex transmission mechanism of fiscal policy into output. I give an overview and systemize the numerous contributions to the theory and measurement of multipliers. The analysis is not confined to a certain model class but is intended to be as inclusive as possible to lay out the relevant channels of influence that have been discussed in the literature, while pointing to some blind spots. I also review the econometric problems when estimating fiscal multipliers and the estimation techniques at hand.
Subjects: 
Fiscal multiplier
literature review
history of economic thought
JEL: 
B00
E62
Document Type: 
Working Paper
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