02260cam a22004092c 4500 1792611617 DE-627 20250106224542.0 cr uuu---uuuuu 220219s2013 xx |||||o 00| ||eng c (DE-627)1792611617 (DE-599)KEP073992941 (OCoLC)1309063889 (ELVSSRN)2214248 (DE-627-1)073992941 DE-627 ger DE-627 rakwb eng 1\p Blanchard, Olivier 1948- (DE-588)115601929 (DE-627)077355512 (DE-576)164000453 aut Growth Forecast Errors and Fiscal Multipliers [S.l.] SSRN [2013] 1 Online-Ressource (41 p) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier NBER Working Paper No. w18779 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 2013 erstellt 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 Leigh, Daniel oth https://ssrn.com/abstract=2214248 X:ELVSSRN Verlag kostenfrei 1\p cgwrk 20241001 DE-101 https://d-nb.info/provenance/plan#cgwrk ZDB-33-SFEN ZDB-33-ERN 4094481559 DE-206 206 GBV d https://ssrn.com/abstract=2214248 4216640273 DE-705 705 GBV d https://ssrn.com/abstract=2214248 4203714001 LFER LFER BSZ d https://ssrn.com/abstract=2214248 BO