The role of expenditure duration in fiscal multipliers over the business cycle
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DOI: 10.1016/j.econlet.2020.109660
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… read more here.
Keywords: fiscal multipliers; expenditure duration; role expenditure; business cycle ... See more keywords