Fiscal spending multiplier calculations have been revived in the aftermath of the global financial crisis. Much of the … current literature is based on VAR estimation methods and DSGE models. The aim of this paper is not a further deepening of … multiplier for EU members. Multipliers for specific spending categories are comparably high, ranging between 1.4 and 1.8 for many …

This paper examines issues related to the estimation of the government spending multiplier (GSM) in a Dynamic … to cross-equation restrictions, omitting the endogenous component of government policy at the estimation stage would lead …

spending multipliers. We show that the multiplier values are statistically larger during recessions than during expansions …

decomposition-based approach, we show how to unpack heterogeneity in the fiscal multiplier, an object that at any point in time may … our application, the fiscal multiplier varies considerably with monetary policy: it can be as small as zero, or as large …

growth. Our estimation reveals that sector-specific developments have historically accounted for half of this long …

linear benchmark SVAR, the analysis finds that hiking spending yields a short-term fiscal multiplier of around 0.70, while … the fiscal multiplier resulting from an increase in taxes and social security contributions is -0.66. In addition, the …

The existing literature on fiscal policy has mainly employed linear models that found a small fiscal multiplier in …, linear models are not capable of distinguishing the size of the fiscal multiplier in di↵erent phases of economic cycles …. Responding to the previous studies that confirm regime dependency of a fiscal multiplier, our model enriches the literature of …