Learn how changes in fiscal policy, like government spending or tax rates, can multiply economic growth by increasing GDP and ...

Learn how the fiscal multiplier impacts GDP, understand its formula, and see real-world examples of fiscal policies affecting ...

In the context of this paper, the management of fiscal policy denotes the attainment and maintenance of fiscal targets for revenue, expenditure, deficit, debt, and liabilities in the annual national ...

Two papers I saw presented this morning took very different approaches to reach a similar conclusion—inside a currency union there can be big fiscal policy multipliers. In other words, large positive ...

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 ...

When appearing before their political masters, central bankers, invariably, urge them to adopt an expansionary fiscal policy. Ben Bernanke, and now his successor, Janet Yellen have pleaded with ...

Olli Rehn is the European Commissioner for economics. Olli has spent much of his time in recent years telling everyone that Europe’s austerity policies were working and the Eurozone economy was just ...

Empirical (employing the Blanchard-Perotti framework) and modeling (using a country-specific DSGE model) approaches are used to estimate fiscal multipliers by policy instrument for Bolivia, to ...

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 ...

The OECD just published its November 2016 Global Economic Outlook. Its projections suggest an acceleration of global growth rates in particular in countries with plans for a fiscal expansion. In the ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation The effectiveness of fiscal policy in smoothing the impact of shocks depends critically on the size of fiscal multipliers.

The fiscal “multiplier” measures how many additional dollars of output are gained or lost for each dollar of fiscal stimulus or contraction. In practice, the multiplier at any point in time depends on ...