countries with the mean level of economic freedom had a fiscal multiplier of around 1.0, when economic freedom is at the highest … level of the sample the multiplier is around 0.6. Results show the inverse relationship between the fiscal multiplier and … the level of economic freedom, that is, the higher the level of economic freedom, the lower the multiplier …

closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to … 2.1, depending on the data source used to identify the intensity of fiscal consolidation. Given these multiplier values …

aggregate demand deficiency. We show that an increase in government purchases boosts GDP through a multiplier process, but the …

(i) higher than in developing countries and at lower end of those in developed countries; (ii) the fiscal multiplier is … across regimes; (iii) the multiplier substantially increases in the Great Recession relative to pre-crisis expansion; (iv …