Please use this identifier to cite or link to this item: http://buratest.brunel.ac.uk/handle/2438/10642
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dc.contributor.authorSpagnolo, N-
dc.contributor.authorKoray, F-
dc.contributor.authorArin, K-
dc.date.accessioned2015-04-23T15:12:53Z-
dc.date.available2015-04-23T15:12:53Z-
dc.date.issued2015-
dc.identifier.citationJournal of Macroeconomics, 44: pp. 303-311, (2015)en_US
dc.identifier.issn1873-152X-
dc.identifier.urihttp://bura.brunel.ac.uk/handle/2438/10642-
dc.description.abstractThis paper estimates the magnitudes of government spending and tax multipliers within a regime-switching framework for the U.S economy during the period 1949:1- 2006:4. Our results show that the magnitudes of spending multipliers are larger during periods of low economic activity, while the magnitudes of tax multipliers are larger during periods of high economic activity. We also show that the magnitudes of fiscal multipliers got smaller for episodes of low growth, while they got larger for episodes of high growth in the post 1980 period. Analyzing the effects of government spending and taxes on consumption and investment spending indicates that the magnitude of the effects of fiscal shocks on consumption and investment is very small.en_US
dc.language.isoenen_US
dc.subjectFiscal Multipliersen_US
dc.subjectRegime Switchingen_US
dc.titleFiscal Multipliers in Good Times and Bad Timesen_US
dc.typeArticleen_US
dc.identifier.doihttp://dx.doi.org/10.1016/j.jmacro.2015.01.002-
dc.relation.isPartOfJournal of Macroeconomics-
dc.relation.isPartOfJournal of Macroeconomics-
pubs.organisational-data/Brunel-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance/Economics and Finance-
Appears in Collections:Brunel Business School Research Papers

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