The paper provides fresh evidence on the dynamics of public expenditure multipliers and the factors explaining them. The findings of this paper will facilitate the policymakers in effectively framing fiscal policy to expedite economic stabilisation and uplift economic growth. The study proceeds...

This paper employs the DSGE model with rich fiscal block to examine the asymmetries in the transmission and effectiveness of the government expenditure shock across the active fiscal and passive monetary policy (AFPM) regime and the active monetary and passive fiscal policy (AMPF) regime in the...