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 …

shocks, with military spending having the largest multiplier. Third, we show that controlling for predictable components of …

substitution effects, yielding uniform comparisons across models. By constraining the multiplier to tight ranges, model and prior …

analysis is that the question "what is the fiscal policy multiplier" is an ill-posed one. There is no unconditional fiscal … policy multiplier. The effect of fiscal policy on output is different depending on the different debt dynamics, the different … and an average fiscal multiplier is of very little use to describe the effect of exogenous shifts in fiscal policy on …