contribution to the contributions to growth in aggregate demand made by fiscal policy over past business cycles. In doing so, we …

Much of the research on fiscal multipliers has used reduced form modelling approaches. While these models have been … government spending and investment multipliers are generally positive, albeit smaller than 1. Second, it is found that taxes are … highly distortionary, with large negative multipliers for private consumption and investment. In contrast, the impact of tax …

vorgegebenes Wachstumsziel erreicht wird. Das zweite Szenario stützt sich auf die Anwendung eines "unvollständigen" Balanced-Budget-Multipliers …

characterized by significant changes caused by the presence of COVID-19. Referring to the multipliers from the input-output tables …