Fiscal Multipliers and Foreign Holdings of Public Debt
Fernando Broner, Daragh Clancy, Alberto Martín and Aitor Erce suggest that the effects of fiscal expansions in a globalized world depend crucially on how they are financed
Tag Archive: fiscal multiplier
Start the presses: reconsidering a money-financed fiscal stimulus
The idea of financing a fiscal stimulus with money creation has long been a taboo and disregarded as a policy option. But is this justified? Jordi Galí investigates the effects of a government engaging in just such a stimulus as compared with a debt-financed stimulus.
