We estimate the impact of fiscal stimulus measures enacted in response to COVID-19 on U.S. GDP, investment and exports … time-path. Initial stimulus bills, including the CARES Act, reduced the potential decline in GDP resulting from the …

We analyze whether government spending multipliers differ by the sign of the shock. Using aggregate historical U …, the resulting multipliers do not differ by sign of the shock. Thus, we find no evidence of asymmetry of government …

We estimate the fiscal (spending) multiplier using quarterly U.S. data, 1986-2017. We define government spending shocks …

variation in temporary stimulus packages and earlier permanent Social Security increases. States that received larger transfers … tended to grow faster contemporaneously, with a multiplier of around 1.5 for permanent transfers and 1/3 for temporary …

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 per cent of the shock are … whether countries with weak automatic stabilizers have enacted larger fiscal stimulus programs. We find no evidence supporting … this view. -- automatic stabilization ; crisis ; liquidity constraints ; fiscal stimulus …

subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate …

, the expenditure associated with military build-ups affects primarily the defense sector so that the resulting multiplier … powerful instrument for identifying government spending shocks. Furthermore, we show that the multiplier pertaining to non …-defense government spending is higher than the defense-spending multiplier estimated in the literature using military build …