’s parameters, we find that the size of the fiscal (unemployment) multiplier increases with i) highly sticky prices, ii) high …

that sales tax cut multiplier can be well above one (joint with government spending) when zero lower bound on nominal … multiplier of government spending that is very close to the one in Bernstein and Romer (2009) but later declines with horizon in … multiplier calculated similarly to Campolmi et al. (2010) implies roughly the same value for both types of preferences for …