that on investment wears out in the second year. The impact multiplier for income implies a substantial increase in income … due to remittances through the multiplier process. The remittances-induced output growth rate is highest during the early …

macroeconomic model which reproduces this observation. The model predicts that the fiscal multiplier takes conventional values …

responses to an aggregate fiscal multiplier using a multi-region, New Keynesian model with heterogeneous agents, incomplete … markets, and trade linkages. Our model is consistent with the estimated positive local multiplier, a result that distinguishes … multiplier is twice as large as the local multiplier because trade linkages propagate the effect of government spending across …

.32 percentage points from the UI extension. We show that a moderately sized fiscal multiplier can rationalize our findings with the …

economy. The multiplier analysis shows that an exogenous shock to the agriculture-based industry has a higher multiplier … and total linkages of the industry with the agriculture and service sectors. The import penetration and export intensity … of the agriculture-based industry and the manufacturing industry are also discussed. The study used the Ethiopian Social …