Uncertainty and Public Investment Multipliers : The Role of Economic Confidence /
This paper investigates how macroeconomic uncertainty affects the fiscal multiplier of public investment. In theory, uncertainty can reduce the multiplier if the private sector becomes more cautious and does not respond to the fiscal stimulus. Conversely, it can increase the fiscal multiplier if pub...
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
[S.l.] :
International Monetary Fund,
2021
Washington, D.C. : 2021 |
| Series: | IMF Working Papers; Working Paper ;
No. 2021/272 IMF eLibrary |
| Subjects: |