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April 26, 2016

Comments

Luis Enrique

Is Richard right the OBR assumed negative multipliers, G down Y up? I'd be surprised

chris

No, he's not. They assumed lowish multipliers, consistent with the IMF's assumption of a 0.5 one. My point is simply that this was an under-estimate; it's in this sense that I agree with Richard

Bob

Against the concept of fiscal multipliers:

http://www.3spoken.co.uk/2013/05/the-misuse-of-fiscal-multiplier.html

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