We estimate the average fiscal multiplier, allowing multipliers to be heterogeneous across countries or over time and … conventional multiplier estimates. We rely on both crosssectional and time-series variation in spending shocks, exploiting the … differential effects of oil price shocks on fuel subsidies, to identify the average government spending multiplier. Our estimates …

This paper examines issues related to the estimation of the government spending multiplier (GSM) in a Dynamic …

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

tend to have positive effects on output in Italy. The fiscal multiplier, which is maximized at the one year horizon …

This paper empirically studies the U.S. multiplier effects of government investment, government consumption and total … with a shadow interest rate. The government spending multiplier is approximately 0.5 …

estimated stimulus is extremely small with GDP and employment effects only onesixth as large. -- Fiscal multiplier ; New …

multiplier far below one. However, the stimulus ́multiplier strongly depends on the assumed monetary policy response. Based on …