Los multiplicadores fiscales: Una revisión de la literatura empírica

Abstract

This paper reviews the recent investigations aimed to quantifying the economic impact of discretionary fiscal policy, what is known as fiscal multipliers. Specially, we stress the methodological topics and use several perspectives to assess the outcomes. Covered works show a wide variety of estimations, depending mostly on the hypothesis used and the conditions of each country. On the other hand, we find a set of plausible conditions that provide positive effects of discretionary fiscal policy on private components of aggregate demand.