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Applied Economics Letters Volume 22, 2015 - Issue 8
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Original Articles

Do government spending multipliers depend on the level of government debt? US historical data evidence

Wongi KimTexas A&M University, College Station, TX77843, USACorrespondence[email protected]
Pages 668-672 | Published online: 28 Oct 2014

References

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  • Corsetti, G., Meier, A. and Müller, G. J. (2012b) What determines government spending multipliers?, Economic Policy, 27, 521–65. doi:10.1111/j.1468-0327.2012.00295.x
  • Ilzetzki, E., Mendoza, E. G. and Gramont, C. A. V. (2013) How big (small?) are fiscal multipliers?, Journal of Monetary Economics, 60, 239–54. doi:10.1016/j.jmoneco.2012.10.011
  • Jordá, Ó. (2005) Estimation and inference of impulse responses by local projections, The American Economic Review, 95, 161–82. doi:10.1257/0002828053828518
  • Owyang, M. T., Ramey, V. A. and Zubairy, S. (2013) Are government spending multipliers greater during periods of slack? Evidence from twentieth-century historical data, American Economic Review, 103, 129–34. doi:10.1257/aer.103.3.129
  • Ramey, V. A. (2011) Identifying government spending shocks: it’s all in the timing, The Quarterly Journal of Economics, 126, 1–50. doi:10.1093/qje/qjq008
  • Reinhart, C. M. and Rogoff, K. S. (2010) Growth in a time of debt, The American Economic Review, 100, 573–8. doi:10.1257/aer.100.2.573
  • Shiller, R. J. (2005) Irrational Exuberance, Princeton University Press, Princeton, NJ.

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