This paper proposes a dynamic stochastic general equilibrium model in which the government-consumption multiplier …, that labor supply is convex in a labor market tightness-employment diagram. In the model, as government consumption … increases, public employment rises, stimulating labor demand. Equilibrium tightness increases, which reduces private employment …

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 …

estimated stimulus is extremely small just when needed most, and GDP and employment effects are only one-sixth as large, with … private sector employment impacts likely to be even smaller. …

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. …