fiscal multipliers does not confirm that austerity is the wrong fiscal approach but only suggests a too optimistic assessment …

government spending shocks, using Bayesian techniques for US data. I find the multiplier for government spending to be 1.12, and …

multiplier is relatively small and the tax multiplier relatively large. After four years, the government spending multiplier is 0 ….6 and the tax multiplier -2.62. This conclusion is found to be robust across different model specifications. I also find …

, the expenditure associated with military build-ups affects primarily the defense sector so that the resulting multiplier … powerful instrument for identifying government spending shocks. Furthermore, we show that the multiplier pertaining to non …-defense government spending is higher than the defense-spending multiplier estimated in the literature using military build …

, the expenditure associated with military build-ups affects primarily the defense sector so that the resulting multiplier … powerful instrument for identifying government spending shocks. Furthermore, we show that the multiplier pertaining to non …-defense government spending is higher than the defense-spending multiplier estimated in the literature using military build-ups …

We estimate the fiscal multiplier associated with shocks to government spending. We consider increases in government … is reflected in the value taken by the fiscal multiplier. This result is obtained when we identify fiscal shocks by the …

the multiplier falls in the lower range of previous work …

output in Italy. The fiscal multiplier, which is maximized at the one year horizon, follows a U-shape over the sample …

tend to have positive effects on output in Italy. The fiscal multiplier, which is maximized at the one year horizon …