This paper proposes a dynamic stochastic general equilibrium model in which the government-consumption multiplier …

We report estimates of the fiscal multiplier for interwar Britain based on quarterly data and time-series econometrics …. We find that the government-expenditure multiplier was in the range 0.3 to 0.9 even during the period when interest rates …

We estimate the multiplier relying on differences in spending in infrastructure across Italian provinces and an …-mafia measures on output, our results suggest a multiplier as high as 1.4 on impact, and 2 including dynamic effects. …

in three areas. First, we use identical twins, to control for family effects and genetic ability bias, and the education … findings suggest lower ability bias in within-twin pair regressions than pooled regressions. Third, using data on twins smoking … we show smoking reflects family background and using it as an instrument exacerbates ability bias. …

distribution of VAR impulse response estimators is undermined by the estimator’s bias. A natural conjecture is that impulse … estimators tend to have both higher bias and higher variance, resulting in pointwise impulse response confidence intervals that …

choices are private information. It is optimal for the organization to `bias' the second contest in favor of the early winner …