000			01521nab a2200241 c 4500
999			_c147139 _d147139
003			ES-MaIEF
005			20230313131416.0
007			ta
008			230310t2023 us ||||| |||| 00| 0 eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100			_953706 _aBouakez, Hafedh
245		4	_aThe Government spending multiplier in a multisector economy _c Hafedh Bouakez, Omar Rachedi and Emiliano Santoro
500			_aResumen
504			_aBibliografía.
520			_aWe study the effects of aggregate government spending shocks in a production network economy where sectors differ in their price rigidity, factor intensities, use of intermediate inputs, and contribution to final demand. The model implies an aggregate value-added multiplier that is 75 percent (and $0.32) larger than that obtained in the average one-sector economy. This amplification is mainly driven by input-output linkages and—to a lesser extent—sectoral heterogeneity in price rigidity. Aggregate government spending shocks also lead to heterogeneous responses of sectoral value added, which are larger among upstream industries. We present novel empirical evidence supporting this prediction.
650		4	_944787 _aGASTO PUBLICO
650			_aPRODUCCION _948147
650			_aMODELOS ECONOMETRICOS _947776
700	1		_966867 _aRachedi, Omar
700	1		_970406 _aSantoro, Emiliano
773	0		_9168890 _oOP 2137/2023/1 _tAmerican Economic Journal : Macroeconomics _w(IEF)64915 _x 1945-7707 _g v. 15, n. 1, January 2023, p. 209-239
942			_cART