. My results suggest that for fiscal consolidations, the tax multiplier is larger than the spending multiplier. My … estimates indicate that whereas the tax multiplier is roughly 3 — similar to the recent estimates derived by Romer and Romer … (2010), the spending multiplier is close to zero. A number of caveats accompany these results, however …

This paper examines issues related to the estimation of the government spending multiplier (GSM) in a Dynamic …

Mark-up cyclical behaviour is relevant in determining the size of government spending multiplier on output. While …