Can Government Purchases Stimulate the Economy?

Valerie A. Ramey

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Can Government Purchases Stimulate the Economy?

机译：政府购买可以刺激经济吗？

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This essay briefly reviews the state of knowledge about the government spending multiplier. Drawing on theoretical work, aggregate empirical estimates from the United States, as well as cross-locality estimates, I assess the likely range of multiplier values for the experiment most relevant to the stimulus package debate: a temporary, deficit-financed increase in government purchases. I conclude that the multiplier for this type of spending is probably between 0.8 and 1.5.

机译：本文简要回顾了有关政府支出乘数的知识状态。根据理论工作，美国的总体经验估计以及跨地区的估计，我评估了与刺激方案辩论最相关的实验的乘数值的可能范围：政府采购的暂时性，赤字资助的增长。我得出的结论是，此类支出的乘数可能在0.8到1.5之间。

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《Journal of Economic Literature》 |2011年第3期|p.673-685|共13页
作者
Valerie A. Ramey;
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作者单位

University of California, San Diego, and National Bureau of Economic Research;

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Can Government Purchases Stimulate the Economy?

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