positive expenditure multiplier imply that fiscal policy in South Asia amplifies boom-and-bust cycles …

consolidation. This paper estimates fiscal policy multipliers for small states using two distinct models: an empirical forecast … term, however, multipliers for government current primary spending are larger and affected by imports as share of GDP …

multipliers to increase on average by 0.3 to 1 units. Fiscal consolidations are thus more likely to be contractionary and more …