, this letter points out a downward bias in the estimation of Chinese government spending multiplier using the classical lag … spending change in the first month of each quarter as an instrument. The estimation results show that the Chinese government … significantly reacts to output shock counter-cyclically within a quarter, with the resulting government spending multiplier being 0 …

between multiplier size and the import share. Employing an interacted panel VAR model for EU countries, we estimate the effect …

inflation from its trend, implying that the more demand-driven a recession, the higher the multiplier. Median multipliers range …

inflation from its trend, implying that the more demand-driven a recession, the higher the multiplier. Median multipliers range …

variance in multiplier estimates can be explained by the national imprint and various author incentives. For this purpose, we … matter for the degree and direction of multiplier estimates.These potential biases largely disappear for teams of …

. If this correlation is assumed to be zero, the tax multiplier is found to be around one. If such correlation is nonzero … multiplier is sensitive to the assumption of orthogonality between total factor productivity (non-fiscal proxy) and tax shocks …, as supported by our empirical evidence, we find a tax multiplier three times as large. Second, we find the spending …

. If this correlation is assumed to be zero, the tax multiplier is found to be around one. If such correlation is non … multiplier is sensitive to the assumption of orthogonality between total factor productivity (non-fiscal proxy) and tax shocks …-zero, as supported by our empirical evidence, we find a tax multiplier three times as large. Second, we find the spending …

. If this correlation is assumed to be zero, the tax multiplier is found to be around one. If such correlation is non … multiplier is sensitive to the assumption of orthogonality between total factor productivity (non-fiscal proxy) and tax shocks …-zero, as supported by our empirical evidence, we find a tax multiplier three times as large. Second, we find the spending …

) and tax shocks. If this correlation is assumed to be zero, the tax multiplier is found to be around one. If such … correlation is non-zero, as supported by our empirical evidence, we find a tax multiplier three times as large. Second, we find … the tax multiplier is sensitive to the assumption of orthogonality between total factor productivity (non-fiscal proxy …

estimated stimulus is extremely small with GDP and employment effects only one-sixth as large. -- Fiscal Multiplier ; New …