multipliers for the United States. With these results, it computes the cumulative multiplier of Ramey and Zubairy (2018), now … common in the literature. It finds that, contrary to the peak and through multipliers reported by BP, the cumulative tax … results suggest that the fiscal multipliers vary significantly across countries, and in some cases multipliers are larger than …

Blanchard and Leigh (2013, 2014) find fiscal multipliers to be underestimated in the EU in the deep recession of the …