英文标题：
《A note on the policy implications of the fiscal multiplier》
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作者：
Evangelos F. Magirou
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最新提交年份：
2013
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英文摘要：
We present an elementary analysis of the dynamical aspects of the GDP / government surplus multiplier with relevance to the assessment of a country\'s debt repayment policy. We show the (at first) counter intuitive result that in order to reduce the Debt/GDP ratio, countries with high Debt to GDP should go into further debt, as long as the Debt to GDP ratio is roughly greater than the inverse of the multiplier. Thus small values of the multiplier make further debt undesirable, and conversely.
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中文摘要：
我们对GDP/ZF盈余乘数的动态方面进行了初步分析，并与一国债务偿还政策的评估相关。我们（首先）展示了一个反直觉的结果，即为了降低债务/GDP比率，高债务/GDP的国家应该进一步负债，只要债务/GDP比率大致大于乘数的倒数。因此，较小的乘数值会使进一步的债务变得不可取，反之亦然。
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分类信息：

一级分类：Quantitative Finance 数量金融学
二级分类：General Finance 一般财务
分类描述：Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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