publication . Article . 2012

Government spending: an economic boost?

Daniel J. Wilson;
Open Access
  • Published: 01 Jan 2012
Abstract
The severe global economic downturn and the large stimulus programs that governments in many countries adopted in response have generated a resurgence in research on the effects of fiscal policy. One key lesson emerging from this research is that there is no single fiscal multiplier that sums up the economic impact of fiscal policy. Rather, the impact varies widely depending on the specific fiscal policies put into effect and the overall economic environment.
Subjects
free text keywords: Fiscal policy ; Government spending policy
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