03329cam a22005412c 4500 1046617702 DE-627 20241106195220.0 cr uuu---uuuuu 190116s2013 xxu|||||o 00| ||eng c 10.3386/w18779 doi (DE-627)1046617702 (DE-599)GBV1046617702 (OCoLC)827253090 (NBER)w18779 (DE-627-1)055368441 DE-627 ger DE-627 rakwb eng XD-US 1\p Blanchard, Olivier 1948- (DE-588)115601929 (DE-627)077355512 (DE-576)164000453 aut Growth Forecast Errors and Fiscal Multipliers Olivier J. Blanchard, Daniel Leigh Cambridge, Mass National Bureau of Economic Research February 2013 1 Online-Ressource Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier NBER working paper series no. w18779 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2 unrestricted online access 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 Hardcopy version available to institutional subscribers. Reproduktion Hardcopy version available to institutional subscribers Mode of access: World Wide Web. System requirements: Adobe [Acrobat] Reader required for PDF files. Leigh, Daniel oth National Bureau of Economic Research oth http://www.nber.org/papers/w18779 X:NBER Verlag kostenfrei 0 http://dx.doi.org/10.3386/w18779 X:NBER Verlag kostenfrei 0 1\p cgwrk 20241001 DE-101 https://d-nb.info/provenance/plan#cgwrk ZDB-194-NBW 4251699882 DE-18 18 GBV d http://dx.doi.org/10.3386/w18779 http://emedien.sub.uni-hamburg.de/han/nber/dx.doi.org/10.3386/w18779 Volltextzugang Campus Nur für Angehörige der Universität Hamburg: Volltextzugang von außerhalb des Campus 3884397370 DE-206 206 GBV d http://dx.doi.org/10.3386/w18779 349413510X DE-705 705 GBV d http://dx.doi.org/10.3386/w18779 4956239726 DE-28 28 GBV d http://dx.doi.org/10.3386/w18779 352069221X DE-89 89 GBV d http://dx.doi.org/10.3386/w18779 4561546022 DE-25 25 BSZ d https://www.redi-bw.de/start/unifr/NBER-online/10.3386/w18779 360758558X DE-14 14 BSZ d http://dx.doi.org/10.3386/w18779 3823558803 LFER LFER BSZ d http://dx.doi.org/10.3386/w18779 http://www.nber.org/papers/w18779 BO