Most of the discussion about fiscal stimulus focuses on the multiplier of government spending on impact. In this paper … we shift the focus to the multiplier at the end, i.e. to the period in which a deficit spending program terminates. We … multiplier turns negative before spending expires. This means that aggregate output at the time of expiry of fiscal stimulus is …

The output multiplier turns negative before a deficit spending program expires. We show the generality of this … impact multiplier, and the scale and duration of the stimulus program. We also show that results are quantitatively very … stimulus expires. -- Fiscal stimulus ; government spending ; output multiplier ; economic recovery …

Most of the discussion about fiscal stimulus focuses on the multiplier of government spending on impact. In this paper … we shift the focus to the multiplier at the end, i.e. to the period in which a deficit spending program terminates. We … show that recent time series analyses as well as models of different schools of thought predict that the multiplier turns …

the generality of this result w.r.t. size and persistence of the shock, size of the government spending multiplier, and …

the generality of this result w.r.t. size and persistence of the shock, size of the government spending multiplier, and … spending on economic recovery. -- deficit spending ; government spending multiplier ; economic recovery ; economic ; growth. …

The output multiplier turns negative before a deficit spending program expires. We show the generality of this … impact multiplier, and the scale and duration of the stimulus program. We also show that results are quantitatively very …

the generality of this result w.r.t. size and persistence of the shock, size of the government spending multiplier, and …