Wu, Jing Cynthia; Xie, Shihan; Xie, Yinxi; Zhang, Ji - National Bureau of Economic Research - 2025
We conduct a large-scale information randomized controlled trial to study fiscal policy impacts. Surveying approximately 9,000 households across five eurozone countries with varying debt-to-GDP ratios enables a clean cross-country comparison. The key finding is that the fiscal multiplier depends...