measures emphasize that government spending can stimulate additional private spending — the Keynesian multiplier effect. Thus …

measures emphasize that government spending can stimulate additional private spending the so-called Keynesian multiplier effect …, when stimulus is most needed, may even be negative. Traditional Keynesian multiplier effects only arise in a model that …

government spending shocks, using Bayesian techniques for US data. I find the multiplier for government spending to be 1.12, and …

and budget deficits—on long-run growth. It considers the relevance of recent advances in growth theory for low … advances in endogenous growth theory have demonstrated that fiscal policy can have long-run effects on economic growth rates … unlikely to hold in low-income countries. Recent theory particularly stresses the importance for growth of the following. The …

consumption and the government spending multiplier, given that consumption and labor are somewhat complementary. …

The output multiplier turns negative before a deficit spending program expires. We show the generality of this … impact multiplier, and the scale and duration of the stimulus program. We also show that results are quantitatively very …

multiplier is 1.5 in the ZLB period, and 0.6 outside of it. We estimate that government spending shocks increase both private …

multiplier; (ii) positive long-run output multipliers are obtained only if the generational turnover effect is dominated by the …