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 …

modestly negative long-run multipliers around -0.42. The multiplier is sensitive to the fraction of transfers given to credit …

-run multipliers around 0.52 and modestly negative long-run multipliers around -0.42. The multiplier is sensitive to the fraction of …

modestly negative long-run multipliers around -0.42. The multiplier is sensitive to the fraction of transfers given to credit …

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 …

that standard identification schemes imply different priors on elasticities, generating a large dispersion in multiplier … inference on multipliers. Our results for the U.S. for the period 1947-2006 suggest that the probability of the tax multiplier … being larger than the spending multiplier is below 0.5 at all horizons …

autoregressions, we document a significant crowding-in of private investment and an output multiplier of roughly 2. Then, we match a … New Keynesian dynamic stochastic general equilibrium model to the empirical responses, and we decompose the multiplier … capacity in the medium run, and it generates demand effects along the production network. We find a similar multiplier in other …

multipliers as can be seen from empirical estimation of the multiplier values for US and UK data during the period 1972-2018 … modern SVAR based estimation. Here, in the first place, we amend the algebraic definition of the fiscal multipliers …