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 …

employment during periods of high uncertainty, with multipliers above 2, and the larger multipliers are not driven by economic …

interpretation is that fiscal multipliers were substantially higher than implicitly assumed by forecasters. The weaker relation in … more recent years may reflect in part learning by forecasters and in part smaller multipliers than in the early years of …