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A Pitfall with DSGE–Based, Estimated, Government Spending Multipliers
This paper examines issues related to the estimation of the long-run government spending multiplier (GSM) in a Dynamic Stochastic General Equilibrium context.
Author(s):
Toulouse School of Economics (GREMAQ, IDEI, IUF, and Banque de France)
Banque de France
EDHEC Business School
| Type: | Working paper |
|---|---|
| Date: | le 08/08/2011 |
| Extra information : | For more information, please contact Joanne Finlay, EDHEC Research and Development Department [ joanne.finlay@edhec.edu ] The contents of this paper do not necessarily reflect the opinions of EDHEC Business School. |
| Research Cluster : | Finance |
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Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the top 15 European business schools. Fully international and directly connected to the business world, EDHEC is a school for business, rather than a business school, where excellence in teaching and research focuses on innovation to stimulate entrepreneurship and creativity. For business from birth and dedicated to business, EDHEC makes entrepreneurs for life, able to remodel or create successful businesses wherever they work.
EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching philosophy, inspired by its award-winning research activities, focuses on “learning by doing”.
