A Theory of Countercyclical Government Multiplier

By Pascal Michaillat. 2014

167 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/6cfc47355f373ffaa599fa0e15725ff1aeb530d7

Citations in the corpus

• Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data (2014, unknown): “As the second row of figure 2 shows, the civilian unemployment rate (defined here to include emergency workers in New Deal jobs) was falling steadily in 1938 and 1939 but was still 14 percent when the first big news shock hit in 1940.”