multiplier - the focus of much empirical investigation and policy debate - is likely inconsequential in this regard. Rather, what … matters is the degree to which the multiplier during the initial period of fiscal stimulus differs from the multiplier when … the stimulus is withdrawn. If the multiplier is constant over time, delaying consolidation is unlikely to significantly …

consolidation size to allow speed to affect the multiplier. Second, using the narrative dataset of Devries and others (2011), we …

multipliers for the United States. With these results, it computes the cumulative multiplier of Ramey and Zubairy (2018), now … multiplier is much larger than the cumulative spending one. Hence, the conclusions depend on the definition of multiplier. This …