The DOI matches its Crossref record; 57 of the 57 references it cites were found in a registry or an index.
Can Government Purchases Stimulate the Economy?
Abstract
This essay briefly reviews the state of knowledge about the government spending multiplier. Drawing on theoretical work, aggregate empirical estimates from the United States, as well as cross-locality estimates, I assess the likely range of multiplier values for the experiment most relevant to the stimulus package debate: a temporary, deficit-financed increase in government purchases. I conclude that the multiplier for this type of spending is probably between 0.8 and 1.5. (JEL E23, E62, H50)
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Econometric policy evaluation: A critique
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Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach
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The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks
Romer, C. D., & Romer, D. H. (2010) · American Economic Review · doi:10.1257/aer.100.3.763 · Cited by 2,091
Understanding the Effects of Government Spending on Consumption
Galí, J., López-Salido, J. D., & Vallés, J. (2007) · Journal of the European Economic Association · doi:10.1162/jeea.2007.5.1.227 · Cited by 1,922
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When Is the Government Spending Multiplier Large?
Christiano, L., Eichenbaum, M., & Rebelo, S. (2011) · Journal of Political Economy · doi:10.1086/659312 · Cited by 1,837
Zero Bound on Interest Rates and Optimal Monetary Policy
Eggertsson, G. B., & Woodford, M. (2003) · Brookings Papers on Economic Activity · doi:10.1353/eca.2003.0010 · Cited by 1,789
Cited by
The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks
Romer, C. D., & Romer, D. H. (2010) · American Economic Review · doi:10.1257/aer.100.3.763 · Cited by 2,091
The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States
Mertens, K., & Ravn, M. O. (2013) · American Economic Review · doi:10.1257/aer.103.4.1212 · Cited by 1,019
The Rebound Effect and Energy Efficiency Policy
Gillingham, K., Rapson, D., & Wagner, G. (2016) · Review of Environmental Economics and Policy · doi:10.1093/reep/rev017 · Cited by 672
The Effect of Population Aging on Economic Growth, the Labor Force, and Productivity
Maestas, N., Mullen, K. J., & Powell, D. (2023) · American Economic Journal: Macroeconomics · doi:10.1257/mac.20190196 · Cited by 395
The Effect of Population Aging on Economic Growth, the Labor Force and Productivity
Maestas, N., Mullen, K., & Powell, D. (2016) · doi:10.3386/w22452 · Cited by 220
Metadata
- Authors
- Ramey, V. A.
- Venue
- Journal of Economic Literature
- Publisher
- American Economic Association
- Published
- 2011-09-01
- Volume
- 49
- Issue
- 3
- Pages
- 673-685
- ISSN
- 0022-0515 (ISSN-L)
- OpenAlex
- W2141151054
- Cited by
- 772
- References
- 57
- FWCI
- 149.73
- Type
- journal article
- Language
- en
- Open access
- closed
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