Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/191391
Authors: 
Castelnuovo, Efrem
Lim, Guay C.
Year of Publication: 
2018
Series/Report no.: 
CESifo Working Paper 7366
Abstract: 
This article reviews recent research findings on the effects of fiscal multipliers in normal times, during booms/busts, and in the presence of the zero lower bound. Studies on the effects of fiscal policy in open economy settings as well as contributions on the fiscal-monetary policy mix are also considered. We conclude by outlining a few research avenues that are particularly relevant from a policy standpoint.
Subjects: 
fiscal multipliers
business cycle
fiscal spending taxes
monetary policy
JEL: 
E30
Document Type: 
Working Paper

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