Gustavo Cicchelli de Sá Vieira.
27/03/2017
Orientador: Eduardo Zilberman.
Banca: Luciano Vereda Oliveira. Tiago Couto Berriel.
This paper investigates if fiscal fragility influences the magnitude of fiscal multipliers. We define states of fiscal fragility based on the literature on politico-institutional determinants of fiscal deficits. Using quarterly data for 44 countries, we find that fiscal multipliers in fiscally fragile economies are smaller than in economies expected to have greater surpluses.
M 386