What Fiscal Multipliers Reveal About Infrastructure Investment Timing

财政乘数揭示了基础设施投资时机的哪些真相

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Fiscal multipliers—the ratio of GDP change to government spending—vary dramatically depending on economic slack, financing method, and project readiness.
During recessions, well-designed infrastructure programs generate multipliers above 1.5 because idle resources absorb new demand without triggering inflation or crowding out private investment.

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