-called r-g. Whether the fiscal shock occurs when r-g is positive or negativematters for the size of the multiplier. Median … multiplier is inversely correlated with r-g. The calculationsare based on the estimates of a factor-augmented interacted panel …

, this letter points out a downward bias in the estimation of Chinese government spending multiplier using the classical lag … significantly reacts to output shock counter-cyclically within a quarter, with the resulting government spending multiplier being 0 …

a Markov switching process. We find that the average government spending multiplier is significantly and persistently … inversely to their error variance. We then show that the multiplier is significantly smaller when volatility is high, consistent …

a Markov switching process. We find that the average government spending multiplier is significantly and persistently … inversely to their error variance. We then show that the multiplier is significantly smaller when volatility is high, consistent …

This paper investigates the role of informality in affecting the magnitude of the fiscal multiplier in a panel of 141 … size of the fiscal multiplier. This result holds irrespective of the levels of economic development and institutional …. Thus, informality raises the size of the unofficial multiplier. A higher degree of non-separability between public and …

a spending multiplier around unity when the economy is in an expansionary phase. The spending multiplier is greater and …. The tax revenue multiplier is negative and much smaller in magnitude than the spending multiplier. The results are robust …

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

in the previous literature based on U.S. data - we find that the pooled government spending multiplier is small: below 0 ….2. This estimate, however, masks substantial heterogeneity: the debtfinanced spending multiplier is larger and can be well … above 1 if monetary policy is accommodative. The multiplier is especially large in recessions and when the government …

We investigate the size of the multiplier at the ZLB in a New keynesian model. It ranges from around -0.25 to +1 …