We estimate the impact of fiscal stimulus measures enacted in response to COVID-19 on U.S. GDP, investment and exports … time-path. Initial stimulus bills, including the CARES Act, reduced the potential decline in GDP resulting from the …

We simulate the fiscal stimulus packages set up by the German government to alleviate the costs of the COVID-19 … by 5%, and even by 20% for liquidity-constrained households. The long-run present value multiplier of the package amounts …

closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to … 2.1, depending on the data source used to identify the intensity of fiscal consolidation. Given these multiplier values …

McGrattan (2007, Econometrica) for the Great Recession and the associated stimulus program in Germany 2008-2009. We include …

McGrattan (2007, Econometrica) for the Great Recession and the associated stimulus program in Germany 2008-2009. We include …

We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 … even by 20% for liquidity-constrainedhouseholds. The long-run present value multiplier of the package amounts to 0 …

We analyze whether government spending multipliers differ by the sign of the shock. Using aggregate historical U …, the resulting multipliers do not differ by sign of the shock. Thus, we find no evidence of asymmetry of government …

COVID-19 pandemic has rattled the global economy and has required governments to undertake massive fiscal stimulus to … their choice. First, the countries with one level worse rating announced 0.3 percentage points lower fiscal stimulus (as a … percentage of their GDP). Second, these countries also delayed their fiscal stimulus by an average of 1.7 days. We identify 22 …

spending changes or the government spending shocks, shows that the government spending multiplier for Canada ranges from 0 …