supply-side channels, I estimate the model separately for tradable and non-tradable sectors. Finally I use benefit extensions … impact of benefit extensions on activity is positive, pointing to strong demand effects; (ii) that, even in tradable sectors …, there are no negative supply-side effects from work disincentives; and (iii) a fiscal multiplier estimate of 1.92, similar …

This paper provides estimates of the government spending multiplier over the monetary policy cycle. We identify …, we find that the federal government spending multiplier is substantially higher under accommodative than non …

This paper investigates how macroeconomic uncertainty affects the fiscal multiplier of public investment. In theory …, uncertainty can reduce the multiplier if the private sector becomes more cautious and does not respond to the fiscal stimulus …. Conversely, it can increase the fiscal multiplier if public investment shocks improve private agents' expectations about future …

theory (Myers 1977). We also find that the effect of public investment on corporate investment is much weaker for firms that …