The Size of the Multiplier: Comparing Alternate Views after the Great Recession

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" The Size of the Multiplier: Comparing Alternate Views after the Great Recession "
Focht, Daniel Yasar, Yavuz

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	1052183
Doc. No	:	TL51300
Main Entry	:	Focht, Daniel
Title & Author	:	The Size of the Multiplier: Comparing Alternate Views after the Great Recession\ Focht, DanielYasar, Yavuz
College	:	University of Denver
Date	:	2019
Degree	:	M.A.
student score	:	2019
Note	:	106 p.
Abstract	:	This thesis reviews the major theoretical frameworks and their outlook on the government spending, its effectiveness, the implied size of the multiplier and how they differed in empirical studies. This is followed by an estimation of the government multiplier for the major U.S. fiscal policy, namely the American Recovery and Reinvestment Act (ARRA), after the Great Recession of 2007-2009. Own estimation of the size of the multiplier is presented using a standard SVAR model based on New Keynesian approach for time period between 2009 and 2018. In addition, following the classical economic theory, the multiplier is recalculated in the absence of Finance, Insurance, and Real Estate (FIRE) sector which is considered to be unproductive sector since it does not add value according to the classical theory. I find the multiplier to be below unity during this period with the exception when the FIRE industries are excluded.
Descriptor	:	Economics
Added Entry	:	Yasar, Yavuz
Added Entry	:	University of Denver