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 …

Arabia, one of the top remitting countries in the world, to identify the impact of government spending on Saudi Arabia's real …