Factor supply increases (depresses) output for many of the same reasons that the government spending multiplier might …" and suggest that the government spending multiplier is less than one, even during the recession …

wages; in a fairly broad class of simple models, the multiplier is 1 in the case that the monetary authority maintains a … constant path for real interest rates. The multiplier can be considerably smaller, however, if the monetary authority raises … multiplier is especially plausible when monetary policy is constrained by the zero lower bound on nominal interest rates; in such …

We argue that the government-spending multiplier can be much larger than one when the zero lower bound on the nominal … larger is the value of the multiplier. After providing intuition for these results, we investigate the size of the multiplier … in a dynamic, stochastic, general equilibrium model. In this model the multiplier effect is substantially larger than one …

.8. Economic theory of how to map these multipliers into a national multiplier has also advanced. Drawing on the theoretical …A geographic cross-sectional fiscal spending multiplier measures the effect of an increase in spending in one region in … Reinvestment Act and a survey of empirical studies, my preferred point estimate for a cross-sectional output multiplier is 1 …

policy effectiveness, output persistence and multiplier effects …

multiplier where aggregate relationships will overstate individual elasticities. We present a brief model and then estimate the … size of the social multiplier in three areas: the impact of education on wages, the impact of demographics on crime and … group membership among Dartmouth roommates. In all three areas there appears to be a significant social multiplier …