Sources of Borrowing and Fiscal Multipliers
Dados Bibliográficos
| ID | 9714614 |
|---|---|
| Autores | Romanos Priftis (0000-0003-1287-4912, Bank of Canada, autor correspondente), Srec̆ko Zimic (0000-0002-9893-6039, European Central Bank) |
| Ano | 2021 |
| Volume | 131 |
| Fascículo | 633 |
| Páginas | 498-519 |
| Data de publicação | 2021-02-10 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | The Economic Journal (JOURNAL) |
| Identificadores do periódico | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Editora | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ej/ueaa051 |
| OpenAlex | W2184890158 |
| Idioma | EN |
| Citações recebidas | 1 |
| Referências citadas | 37 |
This paper finds that debt-financed fiscal multipliers vary depending on the location of the debt buyer. In a sample of 33 countries fiscal multipliers are larger when government purchases are financed by issuing debt to foreign investors (non-residents), compared to when they are financed by issuing debt to home investors (residents). In a theoretical model, the location of the government creditor produces these differential responses through the extent that private investment is crowded out. International capital mobility of the resident private sector decreases the difference between the two types of financing both in the model and in the data
Business · Capital (architecture · Creditor · Debt · Economics · External debt · Financial system · Foreign direct investment · Government (linguistics · Internal debt · Investment (military · Macroeconomics · Monetary economics · Private capital · Finance · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output
The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States
How big (small?) are fiscal multipliers?
What are the effects of fiscal policy shocks?
Understanding the Effects of Government Spending on Consumption
Nonseparable Preferences, Frisch Labor Supply, and the Consumption Multiplier of Government Spending
What matters for financial development? Capital controls, institutions, and interactions
Government spending effects in low-income countries
Emerging Market Business Cycles
When Is the Government Spending Multiplier Large
Government Spending Multipliers in Good Times and in Bad
Price Differentials in Monetary Unions
| Obras citantes distintas | 1 |
|---|---|
| Citações por ano | 0,2 |
| Intervalo de citações | 2021 - 2021 (1) |
| Velocidade de citação | historical |
| Altamente citado | Não |
| Tipos de citação | Neutras: 1 |