Fiscal multiplier

The change in real GDP resulting from a shock originating in the government budget. – See deficit ratio, fiscal, budget deficit, budget ratios, budget reconciliation, European, default, parafiscal, shadow government, debt brake, debt ratio, solidarity, financial, government debt reduction, government debt pressure, Stability and Growth Pact, sustainability of public finances. – Cf. ECB Monthly Bulletin, April 2014, pp. 83 ff. (textbook presentation; numerous references; overviews).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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