the generality of this result w.r.t. size and persistence of the shock, size of the government spending multiplier, and … standard neoclassical growth model with US data and assume that an exogenous shock has driven aggregate output far below steady … spending on economic recovery. -- deficit spending ; government spending multiplier ; economic recovery ; economic ; growth. …

tended to grow faster contemporaneously, with a multiplier of around 1.5 for permanent transfers and 1/3 for temporary …

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 …