Does it matter where and how governments spend?
Résumé
This paper studies government spending multipliers in a panel of OECD countries. While recent literature has highlighted the differences in government consumption and investment effects, we extend this approach sectorally and report findings that suggest strong heterogeneities across sectors for government spending and output. Differences in price stickiness and sectors’ position in the production network are the main drivers of these heterogeneities.
Fichier principal
Does it matter where and how governments spend_2023.pdf (2.24 Mo)
Télécharger le fichier
Origine | Fichiers produits par l'(les) auteur(s) |
---|