NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Clearing Up the Fiscal Multiplier Morass

Eric M. Leeper, Nora Traum, Todd B. Walker

NBER Working Paper No. 17444
Issued in September 2011

---- Acknowledgements -----

We would like to thank seminar participants at the Bank of Canada, the 2011 Bundesbank Spring Conference, the Federal Reserve Bank of Dallas, the 2011 Konstanz Seminar on Monetary Theory and Policy, the 2011 SED annual meeting, and Henning Bohn, Berthold Herrendorf, Giorgio Primiceri, Morten Raven and Harald Uhlig for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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