Are Government Spending Multipliers Greater during Periods of Slack? Evidence from Twentieth-Century Historical Data

Author: Owyang Michael T.   Ramey Valerie A.   Zubairy Sarah  

Publisher: American Economic Association

ISSN: 0002-8282

Source: The American Economic Review, Vol.103, Iss.3, 2013-05, pp. : 129-134

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Abstract