Negative fiscal multipliers exceed positive multipliers during Japanese deflation

Research output: Contribution to journalArticle

9 Scopus citations

Abstract

Bi-Directional Reiterative Truncated Projected Least Squares is used with quarterly Japanese data for 1955 to 2001 to find that the multiplier effect from increases in public and private investment was less than the multiplier effect from decreases in public and private investment between 1989 and 2001.

Original languageEnglish (US)
Pages (from-to)1523-1527
Number of pages5
JournalApplied Economics Letters
Volume16
Issue number15
DOIs
StatePublished - Oct 1 2009

ASJC Scopus subject areas

  • Economics and Econometrics

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