Since the Great Depression of the 1930s, and through the more recent Asian Crisis of 1997 and Great Recession of 2008/09, governments have experimented with Keynesian style fiscal stimulus to support employment and accelerate economic recovery. The effectiveness of these policies depends on the size of fiscal multipliers. A large body of economic literature has estimated such multipliers, with gradually increasing precision, due to econometric
Authors
- Disclosure Date
- 2021/10/06
- Disclosure Status
- Disclosed
- Doc Name
- What Have We Learned about the Effectiveness of Infrastructure Investment as a Fiscal Stimulus ? A Literature Review
- Originating Unit
- Chief Economist Infrastructure (INFCE)
- Published in
- United States of America
- Series Name
- Policy Research working paper; no. WPS 9796; COVID-19 (Coronavirus);
- Total Volume(s)
- 1
- Unit Owning
- Off of Sr VP Dev Econ/Chief Econ (DECVP)
- Version Type
- Final
- Volume No
- 1