Growth Forecast Errors and Fiscal Multipliers

WP/13/1

Growth Forecast Errors and Fiscal Multipliers
This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong, both statistically and economically, early in the... READ MORE...

Publication date: January 2013
ISBN 9781475576443
$18.00

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