Page 99 - ES 2020-21_Volume-1-2 [28-01-21]
P. 99
82 Economic Survey 2020-21 Volume 1
Matthew Canzoneri & Fabrice Collard & Harris Dellas & Behzad Diba, 2012. “Fiscal Multipliers
in Recessions,” Diskussionsschriften dp1204, Universitaet Bern, Departement Volkswirtschaft.
Michael Kumhof & Douglas Laxton, 2010. “Chile’s Structural Fiscal Surplus Rule: a Model –
Based Evaluation,” Working Papers Central Bank of Chile 602, Central Bank of Chile.
Michaillat, P. “A Theory of Countercyclical GovernMent Multiplier.” American Economic
Journal: Macroeconomics 2014, 6(1): 190–217
Miller, Merton H. 1988. "The Modigliani-Miller Propositions after Thirty Years." Journal of
Economic Perspectives, 2 (4): 99-120.
Mitra. 2006. “Has Government Investment Crowded out Private Investment in India?” The
American Economic Review. 96 (2): 337–341
Modigliani, F. and Miller, M.H. 1958. “The Cost of Capital, Corporation Finance and the Theory
of Investment”, American Economic Review, Vol.48, 26 1-97.
Mohana Rao Balaga & Puja Padhi, 2017. “Evaluating Indian economy’s vulnerability to
currency crisis,” Theoretical and Applied Economics, Asociatia Generala a Economistilor din
Romania - AGER, vol. 0(3(612), A), pages 97-114, Autumn.
Myers, S.C. and Majluf, N.S. 1984. “Corporate Financing and Investment Decisions When
Firms Have Information That Investors Do Not Have”. Journal of Financial Economics, 13,
187-221.
Olivier J. Blanchard & Lawrence H. Summers, 2017. “Rethinking Stabilization Policy: Evolution
or Revolution?,” NBER Working Papers 24179, National Bureau of Economic Research, Inc.
Olivier J. Blanchard & Lawrence H. Summers, 2020. “Automatic Stabilizers in a Low-Rate
Environment,” AEA Papers and Proceedings, American Economic Association, vol. 110, pages
125-130, May.
Òscar Jordà & Alan M. Taylor, 2016. The Time for Austerity: Estimating the Average Treatment
Effect of Fiscal Policy,» Economic Journal, Royal Economic Society, vol. 126(590), pages 219-
255, February.
Ozkan, F. G., & McManus, R. (2015). On the Consequences of Pro-Cyclical Fiscal Policy. Fiscal
Studies, 36(1), 29-50.
Paul Krugman, 2020, The case for permanent stimulus(VOX EU)
Ramey, V.A. and Zubairy, S., 2018. “Government spending multipliers in good times and in bad:
evidence from US historical data.” Journal of Political Economy, 126(2): 850-901.
Riera-Crichton, Daniel, Carlos Vegh and Guillermo Vuletin, 2014. “Procyclical and
Countercyclical Fiscal Multipliers: Evidence from OECD Countries”, NBER WP No. 20533.
Rodrik, Dani. 2000. “Savings Transitions.” World Bank Economic Review 14(3): 481- 507.