NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

New Keynesian versus Old Keynesian Government Spending Multipliers

John F. Cogan, Tobias Cwik, John B. Taylor, Volker Wieland

NBER Working Paper No. 14782
Issued in March 2009

---- Acknowledgements -----

Helpful comments by Gunter Coenen, Alistair Dieppe, Frank Smets, and Rafael Wouters are gratefully acknowledged. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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