Fiscal Multipliers and Their Relevance in a Currency Union – A Survey

Fiscal Multipliers and Their Relevance in a Currency Union – A Survey

The article reviews the debate on government spending multiplier and provides a detailed discussion of the underlying economic mechanisms, focusing on the role of the state of the business cycle and the monetary policy reaction. Special emphasis is on the effects of fiscal policy within a currency u...

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Veröffentlicht in:German economic review (Oxford) 2014-05, Vol.15 (2), p.259-271
Hauptverfasser: Illing, Gerhard, Watzka, Sebastian
Format: Artikel
Sprache:eng
Schlagworte:
currency union
euro crisis
Fiscal multiplier
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Beschreibung
Zusammenfassung:The article reviews the debate on government spending multiplier and provides a detailed discussion of the underlying economic mechanisms, focusing on the role of the state of the business cycle and the monetary policy reaction. Special emphasis is on the effects of fiscal policy within a currency union and its implications for the euro crisis.
ISSN:1465-6485
1468-0475
DOI:10.1111/geer.12020