The existing literature on fiscal policy has mainly employed linear models that found a small fiscal multiplier in …, linear models are not capable of distinguishing the size of the fiscal multiplier in different phases of economic cycles …. Responding to some recent studies that confirm regime dependency of a fiscal multiplier, our model enriches the literature of …

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

linear benchmark SVAR, the analysis finds that hiking spending yields a short-term fiscal multiplier of around 0.70, while … the fiscal multiplier resulting from an increase in taxes and social security contributions is -0.66. In addition, the …

We estimate fiscal multipliers in a panel of countries using dynamic panel techniques and quarterly data for 55 …. Contrary to previous research, we find no strong evidence of monetary accommodation, a positive and larger fiscal multiplier in …

The existing literature on fiscal policy has mainly employed linear models that found a small fiscal multiplier in …. However, linear models are not capable of distinguishing the size of the fiscal multiplier in di↵erent phases of … economic cycles. Responding to the previous studies that confirm regime dependency of a fiscal multiplier, our model enriches …

The existing literature on fiscal policy has mainly employed linear models that found a small fiscal multiplier in …, linear models are not capable of distinguishing the size of the fiscal multiplier in different phases of economic cycles …. Responding to some recent studies that confirm regime dependency of a fiscal multiplier, our model enriches the literature of …

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 …