the tax multiplier is sensitive to the assumption of orthogonality between total factor productivity (non-fiscal proxy …) 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 …

, 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 …

-year multiplier of 2 during uncertain periods. In contrast, the multiplier is about 1 in times of high unemployment and about 0:5 - 0 …

consumption and the government spending multiplier, given that consumption and labor are somewhat complementary. -- Trend growth … ; price and wage staggering ; government spending multiplier …

the European Commission's Spring Forecasts, we show that multiplier estimates in the EU have been overestimated in the …

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 …

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

The aim of this paper is to estimate government consumption multiplier and to examine the effect of various … characteristics of countries on the size of fiscal multiplier. We apply a panel VAR model following Ilzetzki et al. (2013) for a … multiplier is larger than unity. Second, the size of fiscal multiplier is larger in the cases of lower public indebtedness, for …

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 …