Auerbach and Gorodnichenko's (2012) Study on the State-Dependent Fiscal Multiplier
The 2008 global financial crisis renewed academic interest in the fiscal multiplier. A key 2012 study by economists Alan Auerbach and Yuriy Gorodnichenko provided empirical evidence that the multiplier's size is state-dependent, changing based on whether an economy is in recession or expansion. Their research, which was later extended from the US to other countries, found similar patterns of variation.
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Introduction to Macroeconomics Course
Ch.5 Macroeconomic policy: Inflation and unemployment - The Economy 2.0 Macroeconomics @ CORE Econ
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