02350nam a2200457zcb4500 BV042961357 DE-604 00000000000000.0 cr|uuu---uuuuu 151030s2013 xx o|||| 00||| eng d 9781475523904 electronic bk. 978-1-4755-2390-4 1475523904 electronic bk. 1-4755-2390-4 (OCoLC)823950315 (DE-599)BVBBV042961357 DE-604 ger aacr eng 332.152 Blanchard, Olivier, (Olivier J.) Verfasser aut Growth forecast errors and fiscal multipliers prepared by Olivier Blanchard and Daniel Leigh [Washington, D.C.] International Monetary Fund ©2013 1 Online-Ressource (43 pages) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/13/01 Title from PDF title page (IMF Web site, viewed Jan. 11, 2013). - "Research Department.". - "January 2013." 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 crisis. A natural interpretation is that fiscal multipliers were substantially higher than implicitly assumed by forecasters. The weaker relation in more recent years may reflect in part learning by forecasters and in part smaller multipliers than in the early years of the crisis Includes bibliographical references BUSINESS & ECONOMICS / Banks & Banking bisacsh Fiscal policy fast Multiplier (Economics) fast Wirtschaft Fiscal policy Multiplier (Economics) Leigh, Daniel Sonstige oth International Monetary Fund Research Department Sonstige oth IMF working paper WP/13/01 WP/13/01 http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=547915 Aggregator Volltext ZDB-4-EBU FLA_PDA_EBU oai:aleph.bib-bvb.de:BVB01-028387225