Christoph Boehm, (2019), “Government investment and fiscal stimulus”, VoxEU, 7 September
Fiscal stimulus packages typically feature large investment in infrastructure. The column argues that the fiscal multiplier associated with government investment during the Great Recession was near zero. Meanwhile, the government consumption multiplier was around 0.8. Estimates of the multiplier for total government purchases do not distinguish these two effects, which may affect their validity.
- Giugliano, Ferdinando, (2019), “The French Are Finally Doing Better Than the Germans”, Bloomberg Opinion, August
- Barry J. Eichengreen ; Asmaa A ElGanainy ; Rui Pedro Esteves ; Kris James Mitchener, (2019), «Public debt through the ages», IMF Working Paper No 19/6, 15 January