Only a few empirical studies have analyzed the relationship between fiscal multipliers and the underlying state of the … show that fiscal multipliers differ across countries, calling for a tailored use of fiscal policy. Moreover, the position … multipliers tend to be larger in downturns than in expansions. This asymmetry has implications for the choice between an upfront …

used to estimate fiscal multipliers by policy instrument for Bolivia, to evaluate possible adjustments in a fiscal … consolidation strategy. Multipliers are also estimated using alternative assumptions about the accompanying exchange rate regime and … under different exchange rate regimes. It finds that expenditure multipliers fall into the range of 1/3 to 2/3, with public …

paper assesses how fiscal multipliers could vary during health crises, particularly how factors such as social distancing … and uncertainty could lower contemporaneous (T) multipliers and increase near-term (T+1 and T+2) multipliers as economies … cumulative fiscal multipliers one year after a health crisis is about twice larger than during normal times, particularly in …

private goods also contributes to rationalize the lower multipliers in high-informality countries …

This paper tests whether Japan's key macro policy multipliers have declined since 2013, the year that Japan introduced … to GDP on economic activity in Japan. We find that both the expenditure and tax multipliers of Japan have fallen … multipliers can be attributed to the upward trend in the government debt level relative to GDP which, despite historically low …

Do local fiscal multipliers depend on what the government purchases? We find that government purchases of services have …