Growth Forecast Errors and Fiscal Multipliers is popular PDF and ePub book, written by Mr.Olivier J. Blanchard in 2013-01-03, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Growth Forecast Errors and Fiscal Multipliers can be Read Online from any device for your convenience.
Growth Forecast Errors and Fiscal Multipliers Book PDF Summary
This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong, both statistically and economically, early in the crisis. A natural interpretation is that fiscal multipliers were substantially higher than implicitly assumed by forecasters. The weaker relation in more recent years may reflect in part learning by forecasters and in part smaller multipliers than in the early years of the crisis.
Detail Book of Growth Forecast Errors and Fiscal Multipliers PDF
- Author : Mr.Olivier J. Blanchard
- Release : 03 January 2013
- Publisher : International Monetary Fund
- ISBN : 9781475532425
- Genre : Business & Economics
- Total Page : 43 pages
- Language : English
- PDF File Size : 15,6 Mb
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