Why Do Fiscal Multipliers Depend on Fiscal Positions?
The fiscal position can affect fiscal multipliers through two channels. Through the Ricardian channel, households reduce consumption in anticipation of future fiscal adjustments when fiscal stimulus is implemented from a weak fiscal position. Throu...
| Main Authors: | , , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/696521553109989507/Why-Do-Fiscal-Multipliers-Depend-on-Fiscal-Positions http://hdl.handle.net/10986/31432 |