This paper tests financial accelerator models. Using a novel dataset on agricultural production, we examine how …

leading approaches in the literature. In particular, the framework exhibits a financial accelerator,' in that endogenous … financial accelerator has a significant influence on business cycle dynamics …

If there was any time to expect a large peace-time multiplier effect from federal spending in the states, it would have …. Using panel data methods we estimate a multiplier, defined as the change in per capita state economic activity in response … to an additional dollar per capita of federal funds. The state per capita personal income multiplier with respect to per …

government purchases multiplier. But equally crucial is the size of the government purchases multiplicand--the change in … government purchases of goods and services that the multiplier actually multiplies. Using new data from the Bureau of Economic … government purchases multiplier, changes in government purchases have had no material effect on the growth of GDP since the time …

countries, (ii) the fiscal multiplier is relatively large in economies operating under predetermined exchange rates but is zero …

in 1941, particularly in the second half of that year. As a result our preferred government spending multiplier is 1 ….80 multiplier is relevant to situations like 2009-10 when capacity constraints are absent across the economy.Two sets of new …