Natural Disasters, Government Spending, and the Fiscal Multiplier
Natural Disasters, Government Spending, and the Fiscal Multiplier
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自然灾害、政府支出和财政乘数
DOI：
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发表时间：
2015
期刊：
影响因子：
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通讯作者：
Weonho Yang
中科院分区：
文献类型：
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作者：
J. Fidrmuc;Sugata Ghosh;Weonho Yang
我们估计了与政府支出冲击相关的财政乘数。我们考虑在自然灾害发生后美国各州政府支出的增加，以捕捉既意外又与先前经济状态无关的支出冲击。我们发现，这些都有一个强大的刺激当地经济的影响，这是反映在所采取的财政乘数的值。当我们通过各州自身的自然灾害风险来识别财政冲击时，或者当我们使用邻近各州的灾害风险来识别财政冲击时，就会得到这个结果。
We estimate the fiscal multiplier associated with shocks to government spending. We consider increases in government spending in the U.S. states in the wake of natural disasters to capture spending shocks that are both unexpected and unrelated to the preceding state of the economy. We find that these have a powerful stimulating effect on the local economy, which is reflected in the value taken by the fiscal multiplier. This result is obtained when we identify fiscal shocks by the states’ own exposure to natural disasters, or when we use nearby states’ exposure to disasters instead.
DOI：
10.1257/aer.104.7.2185
发表时间：
2011-04
期刊：
CEPR Discussion Paper Series
影响因子：
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作者：
A. Acconcia;G. Corsetti;S. Simonelli
通讯作者：
A. Acconcia;G. Corsetti;S. Simonelli