NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Fiscal Multipliers in Recession and Expansion

Alan J. Auerbach, Yuriy Gorodnichenko

Chapter in NBER book Fiscal Policy after the Financial Crisis (2013), Alberto Alesina and Francesco Giavazzi, editors (p. 63 - 98)
Conference held December 12-13, 2011
Published in June 2013 by University of Chicago Press
© 2013 by the National Bureau of Economic Research

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This chapter first appeared as NBER working paper w17447, Fiscal Multipliers in Recession and Expansion, Alan J. Auerbach, Yuriy Gorodnichenko
Commentary on this chapter: Comment, Robert E. Hall
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