We estimate the subnational employment and GDP multiplier of Brazil's 2020 federal cash transfers to vulnerable …

We find historical fiscal multipliers for Brazil around 0.5, larger than what existing literature typically identifies … for the average emerging market. However, spending and public credit multipliers seem to have dropped to near zero since … years. By contrast, revenue multipliers have remained broadly stable. We conclude that fiscal consolidations based on …

multipliers for the United States. With these results, it computes the cumulative multiplier of Ramey and Zubairy (2018), now … common in the literature. It finds that, contrary to the peak and through multipliers reported by BP, the cumulative tax … results suggest that the fiscal multipliers vary significantly across countries, and in some cases multipliers are larger than …

We analyze the welfare multipliers of public spending (the consumption equivalent change in welfare for one dollar … change in public spending) in a DSGE model. The welfare multipliers of public infrastructure investment are positive if … infrastructure is sufficiently effective. When the medium-term output multipliers are consistent with the empirical estimates (1 …

home bias-play a key role in determining the effects of fiscal policy and related multipliers in these countries. External …