This paper investigates how macroeconomic uncertainty affects the fiscal multiplier of public investment. In theory …. Conversely, it can increase the fiscal multiplier if public investment shocks improve private agents' expectations about future …, uncertainty can reduce the multiplier if the private sector becomes more cautious and does not respond to the fiscal stimulus …

investment multiplier is likely to be much higher than what has been assumed by the policy makers and much higher that the … consumption multiplier. This points out that the consolidation should be accompanied by increased public investment …We compare the government investment and government consumption multipliers in the advanced economies during the recent …

From its publication in The Times in 1933, John Maynard Keynes’s investment multiplier sparked much debate and … controversy. Can an investment generate 3 or 4 times its value in income within one year? To date, no one has questioned the … theoretical merits of this multiplier. Even the biggest opponents like Friedman have only questioned the multiplier value, judged …

theory (Myers 1977). We also find that the effect of public investment on corporate investment is much weaker for firms that …This paper explores whether public investment crowds out or crowds in private investment. To this aim, we build a … database of about half a million firms from 49 countries. We find that the effect of public investment on corporate investment …

The paper aims to answer two main questions. Is it possible to calculate and analyze fiscal, investment and export … using the fiscal, investment and export multipliers mechanism. …

components. Consistent with theory, I estimate a government investment multiplier near zero and a government consumption … multiplier of approximately 0.8. These findings suggest that fiscal stimulus packages which contain large government investment …I show that a large and conventional class of macroeconomic models predicts that short-lived government investment …