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Abstract Projects funded by the Department of Transportation that are authorized to begin construction during periods of slack are completed more quickly than during expansions. The results suggest fiscal multipliers… Click to show full abstract
Abstract Projects funded by the Department of Transportation that are authorized to begin construction during periods of slack are completed more quickly than during expansions. The results suggest fiscal multipliers of authorized funds may vary over the business cycle.
Keywords:
fiscal multipliers;
expenditure duration;
role expenditure;
business cycle
Journal Title: Economics Letters
Year Published: 2020
Link to full text (if available)
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Journal Title: Economics Letters
Year Published: 2020
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!