It takes the average reader 1 hour and 10 minutes to read How Big (Small?) are Fiscal Multipliers? by Ethan Ilzetzki
Assuming a reading speed of 250 words per minute. Learn more
We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a novel quarterly dataset of government expenditure in 44 countries, we find that (i) the output effect of an increase in government consumption is larger in industrial than in developing countries, (ii) the fisscal multiplier is relatively large in economies operating under predetermined exchange rate but zero in economies operating under flexible exchange rates; (iii) fiscal multipliers in open economies are lower than in closed economies and (iv) fiscal multipliers in high-debt countries are also zero.
How Big (Small?) are Fiscal Multipliers? by Ethan Ilzetzki is 68 pages long, and a total of 17,544 words.
This makes it 23% the length of the average book. It also has 21% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 35 minutes to read How Big (Small?) are Fiscal Multipliers? aloud.
How Big (Small?) are Fiscal Multipliers? is suitable for students ages 8 and up.
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