This paper estimates dynamic employment multipliers in a U.S. county during 1998-2015. On average, one exogenous … year later and 0.32 job two years later. The multiplier is modest during the 2002-2007 boom and is large during the Great …

This paper estimates the effect of payroll tax cuts on firm-level employment and balance-sheet outcomes during economic … Great Recession, we estimate that the payroll tax cuts had limited effects on employment and balance-sheet outcomes of firms … by the previously enacted payroll tax cuts in treated firms. These employment effects are exacerbated for men and low …

mimic monetary policy with minor exceptions. Third, the VAT rate cut has the highest short-term multiplier compared with …

) than weak. For instance, the long run multiplier can be as large as unity when fiscal position is strong, while it can be … cycle on the fiscal multiplier. Third, the state-dependent effects of the fiscal position on multipliers is attributable to …