The Lack Of An Empirical Rationale For A Revival Of Discretionary Fiscal Policy

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Automatic Fiscal Stabilisers: What They Are and What They Do (2012, unknown): “…Directorate General for Economic and Financial Affairs, Brussels, Belgium e-mail: jan.intveld@ec.europa.eu M. Larch e-mail: martin.larch@ec.europa.eu M. Vandeweyer Faculty of Business and Economics, University of Leuven –VIVES, Naamsestraat 61, Leuven, Belgium e-mail: marieke.vandeweyer@kuleuven.be”
New Keynesian versus Old Keynesian Government Spending Multipliers (2010, background): “The differences are even larger when one estimates the 15 The estimated regression coefficients reported in Taylor (2009) are not statistically different from zero. impacts of the actual path of government purchases in fiscal packages, such as the one enacted in February 2009 in the United States…”
Keynesian Government Spending Multipliers and Spillovers in the Euro Area (2011, unknown): “An aggregate comparison of disposable personal income and consumption is provided in Taylor (2009)”