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Is fiscal policy more effective in uncertain times or during recessions
| Content Provider | Semantic Scholar |
|---|---|
| Author | Alloza, Mario |
| Copyright Year | 2016 |
| Abstract | This paper estimates the impact of government spending shocks on economic activity during periods of high and low uncertainty and during periods of boom and recession. We find that government spending shocks have larger impacts on output in booms than in recessions and larger impacts during tranquil times than during uncertain times. The results suggest that confidence plays an important role in explaining this differential impact. |
| File Format | PDF HTM / HTML |
| DOI | 10.2139/ssrn.3024538 |
| Alternate Webpage(s) | http://www.centreformacroeconomics.ac.uk/Discussion-Papers/2016/CFMDP2016-31-Paper.pdf |
| Alternate Webpage(s) | http://www.homepages.ucl.ac.uk/~uctp041/Research_files/Alloza_FiscalPolicy.pdf |
| Alternate Webpage(s) | http://www.centreformacroeconomics.ac.uk/Discussion-Papers/2016/CFMDP2016-31-Summary.pdf |
| Alternate Webpage(s) | https://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosTrabajo/17/Fich/dt1730e.pdf |
| Alternate Webpage(s) | http://hassler-j.iies.su.se/Nordmac/2015/Papers/Alloza.pdf |
| Alternate Webpage(s) | https://doi.org/10.2139/ssrn.3024538 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |