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dc.contributor.authorGuest, Rossen_US
dc.contributor.authorMakin, Tonyen_US
dc.contributor.editorWilliam Colemanen_US
dc.date.accessioned2017-05-03T12:19:29Z
dc.date.available2017-05-03T12:19:29Z
dc.date.issued2011en_US
dc.date.modified2011-09-08T06:58:39Z
dc.identifier.issn13221833en_US
dc.identifier.urihttp://hdl.handle.net/10072/40695
dc.description.abstractThis paper re-examines the significance of the fiscal multiplier from an inter-temporal perspective using simulation results derived from a standard overlapping-generations framework. It reveals that even if fiscal stimulus in the form of extra public consumption spending is assumed to increased output and employment in the short run, the negative medium to long-term consequences of the stimulus will ultimately exceed, in present-value terms, the short-term macroeconomic benefits of that stimulus. This is due to the interest rate and tax effects of the stimulus-induced budget deficit which lowers future private investment, household consumption, and labour supply.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent285204 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherANU epressen_US
dc.publisher.placeAustraliaen_US
dc.publisher.urihttp://epress.anu.edu.au/agenda/018/01/index.htmlen_AU
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom13en_US
dc.relation.ispartofpageto21en_US
dc.relation.ispartofissue1en_US
dc.relation.ispartofjournalAgendaen_US
dc.relation.ispartofvolume18en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchMacroeconomics (incl. Monetary and Fiscal Theory)en_US
dc.subject.fieldofresearchcode140212en_US
dc.titleIn the Long Run, the Multiplier is Dead: Lessons from a Simulationen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.rights.copyrightCopyright remains with the authors 2011. The attached file is reproduced here in accordance with the copyright policy of the publisher. For information about this journal please refer to the journal's website or contact the authors.en_AU
gro.date.issued2011
gro.hasfulltextFull Text


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