By How Much Does GDP Rise if the Government Buys More Output?
NBER Working Paper No. 15496
---- Acknowledgments ----
Prepared for the Brookings Panel on Economic Activity, September 10, 2009. I am grateful to the editors and discussants and to Robert Barro, Susanto Basu, Jordi Gall, Jonathan Parker, Fabrizio Perri, Valerie Ramey, and Ricardo Reis for guidance and comments. A file containing the calculations is available at my website. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.