economy is at the effective lower bound (ELB) or in normal times does not seem to matter for the size of the multiplier … average multiplier is about 1 in normal times and between 1.6 and 2.8 at the ELB, depending on the specification. The … difference between the two multipliers is distributed largely away from zero. More generally, the multiplier is inversely …

inflation from its trend, implying that the more demand-driven a recession, the higher the multiplier. Median multipliers range …

inflation from its trend, implying that the more demand-driven a recession, the higher the multiplier. Median multipliers range …

inflation from its trend, implying that the more demand-driven a recession, the higher the multiplier. Median multipliers range …

overall and non-green multipliers are driven by southern provinces, while the green multiplier is driven by the rest of the … country, despite the contemporaneous green multiplier being equal to 1.43 in the south. I link the heterogeneity to governance … characteristics: higher government effectiveness and institutional quality decrease the overall and non-green multiplier, while they …

This paper shows that the fiscal multiplier for purchases of durable and investment goods is very small - much smaller … than the multiplier for nondurable goods. Standard models predict small durables multipliers because private sector …