Some amendments to the algebraic representation and empirical estimation of the fiscal multipliers
Conventional algebraic estimate of the fiscal multipliers ignores the concept of velocity of money and mistakenly assumes that money changes hands an infinite number of times during a given year while we know money only has a finite velocity. Apart from the velocity of money, fiscal multipliers tend...
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| Format: | Artikel |
| Sprache: | English |
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Elsevier
2020-11-01
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| Schriftenreihe: | Heliyon |
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| Online Zugang: | http://www.sciencedirect.com/science/article/pii/S2405844020323550 |