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Recent studies on fiscal policy use cross-sectional data and estimate local fiscal multipliers along with spillovers …. This paper estimates local fiscal multipliers with spillovers using Japanese prefectural data comparable with the national … accounts. We estimate the local fiscal multiplier on output to be 1.7 at the regional level. The regional fiscal multiplier …
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economic activity, the government spending multiplier is positive and significant: an additional 1 USD of spending leads to an … positive expenditure multiplier imply that fiscal policy in South Asia amplifies boom-and-bust cycles …
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Government debt in many small states has risen beyond sustainable levels and some governments are considering fiscal consolidation. This paper estimates fiscal policy multipliers for small states using two distinct models: an empirical forecast error model with data from 23 small states across...
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