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 nonzero …, as supported by our empirical evidence, we find a tax multiplier three times as large. Second, we find the spending …

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 nonzero …, as supported by our empirical evidence, we find a tax multiplier three times as large. Second, we find the spending …

application of an "imperfect" balanced budget multiplier, proposing a combination of discretionary increases in both public …

based on an application of an "imperfect" balanced budget multiplier, proposing a combination of discretionary increases in …

We show that fiscal multiplier estimations may be biased by movements in asset and credit markets, as they facilitate …

find sizeable effects of VAT measures on consumption (esp. durables) with a multiplier larger than one on GDP and can match …