NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Growth Forecast Errors and Fiscal Multipliers

Olivier J. Blanchard, Daniel Leigh

NBER Working Paper No. 18779
Issued in February 2013

---- Acknowledgements -----

We are grateful to Laurence Ball, John Bluedorn, Marcos Chamon, Petya Koeva Brooks, Oli Coibion, Jörg Decressin, Kevin Fletcher, Philip Lane, David Romer, Sven Jari Stehn, and numerous IMF seminar participants for helpful comments, to Eric Bang, Shan Chen, Angela Espiritu, Chanpheng Fizzarotti, and Daniel Rivera for excellent research assistance, and to Linda Kean and Cristina Quintos for superb editorial support. The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF, IMF policy, or the National Bureau of Economic Research.

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