We estimate the impact of fiscal stimulus measures enacted in response to COVID-19 on U.S. GDP, investment and exports … time-path. Initial stimulus bills, including the CARES Act, reduced the potential decline in GDP resulting from the …

McGrattan (2007, Econometrica) for the Great Recession and the associated stimulus program in Germany 2008-2009. We include …

We analyze whether government spending multipliers differ by the sign of the shock. Using aggregate historical U …, the resulting multipliers do not differ by sign of the shock. Thus, we find no evidence of asymmetry of government …

evaluate whether the German stimulus program was successful in limiting the impact of the crisis on the job market. We exploit … exogenous cross-sectional variation to identify the casual effect of stimulus investment on the change in unemployment on the … county level. By law, 65 percent of the stimulus funds were earmarked for the renovation of existing school buildings. Thus a …

spending changes or the government spending shocks, shows that the government spending multiplier for Canada ranges from 0 …

This paper studies the real effects of an exogenous UK tax change in recessions and expansions. The tax shock is … regressions (Granger and Teräsvirta, 1994), tax policy shock is found to affect UK macroeconomic variables depending on the phase … of the business cycle the economy is when tax shock occurs. An exogenous tax cut in recessions triggers a large …

Covid-19 shock. This policy brief offers some theoretical insights into this debate opposing monetization and issuance of …