In this paper we show that the fiscal multiplier depends on the type of taxation which the government uses to finance … its fiscal expenditure. If the finance takes place by an increase in the average tax rate, the multiplier will be positive …, but if it takes place by an increase in the marginal tax rate, the sign of the multiplier is ambiguous and depends on the …

the growing economic literature on the relationship between the fiscal position and the size of the fiscal multiplier. In …

Recent developments in macroeconomic policy, in terms of both theory and practice, have elevated monetary policy while …