This paper studies whether trade openness reduces the domestic fiscal multiplier, but increases the impacts of foreign …

multiplier. To this end we contrast two different ways to implement the ZLB in a New Keynesian model: the ZLB modeled as an … multiplier are not only due to differences in the timing assumption of government spending but also driven by the choice of the … ZLB modeling. Ceteris paribus, the impact multiplier is higher if the ZLB is modeled appropriately as a constraint. …

measures, the analysis of fiscal multiplier effects is back on the scientific agenda. The number of empirical studies is … regression analysis to a set of 89 studies on multiplier effects in order to provide a systematic overview of the different … type of fiscal impulse, model class, multiplier calculation method and further control variables. Moreover, we analyse …

cycle further lowe ring the fiscal multiplier. Longer maturity debt leads to larger capital losses and lower Keynesian … further after a deficit financed stimulus package, eventually implying a cumulative Keynesian multiplier close to zero or even …

We show that fiscal multiplier estimations may be biased by movements in asset and credit markets, as they facilitate …