Although it seems like a world away, the main economic policy argument in the early summer of 2010 was about the effectiveness of fiscal stimulus, in the wake of the Obama administration’s $787bn ...

The model finds significant evidence that the impact of fiscal policy on economic activity varies with the business cycle and that the effect of fiscal policy on output is nonlinear. Average fiscal ...

This is a preview. Log in through your library . Abstract Standard business cycle models have difficulties generating large, state-dependent fiscal multipliers. Employing a model of costly financial ...

Amid renewed crisis, falling tax revenues, and rising debt, Ukraine faces serious fiscal consolidation needs. Durable fiscal adjustment can support economic confidence and rebuild buffers but what is ...

We estimate the average fiscal multiplier, allowing multipliers to be heterogeneous across countries or over time and correlated with the size of government spending. We demonstrate that this form of ...

Unemployment rate in Hungary is due 8.30 AM CET. At 10.30 AM CET Slovenia will publish retail sales growth in February. Croatia will release retail trade data in February at 11 AM CET. Today, we ...

https://doi.org/10.15609/annaeconstat2009.121-122.359 • https://www.jstor.org/stable/10.15609/annaeconstat2009.121-122.359 Copy URL This paper uses an estimated ...

Shawkat Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at [email protected]. There is currently a debate raging among first-rate economists ...

Prime Minister Narendra Modi has announced a ₹20 trillion stimulus package, which amounts to around 10% of India’s GDP. Prime Minister Narendra Modi at 8 pm on Tuesday announced a ₹20 trillion ...

The extra money spent by the government becomes income of households. These households spend the income to unleash a second wave of stimulus and so on. This multiplicative effect is called the ‘fiscal ...

The United States has implemented large-scale fiscal policy measures to help households and businesses cushion the economic fallout from the COVID-19 pandemic and to strengthen the recovery. The ...