Over the last decade, empirical studies analyzing macroeconomic conditions that may affect the size of government spending multipliers have flourished. Yet, in spite of their obvious public policy importance, little is known about public investment multipliers. In particular, the clear...

This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...

Considering the recently revived debate on the role and effectiveness of public infrastructure investment, this paper seeks to cover a gap in the empirical literature. In particular, we aim to tackle the lack of analysis of fiscal multipliers for large public infrastructure projects in Italy at...