Our eLibrary offers over 25,000 IMF publications in multiple formats. Over the last decade, empirical studies analyzing macroeconomic conditions that may affect the size of government spending ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Fiscal multipliers are important tools for macroeconomic projections and policy design. In many countries, little is known ...

Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Investopedia / ...

A number of analytical contributions have given sufficient conditions under which Leontief multiplier estimates are biases. This paper uses empirical data and a Monte Carlo framework to evaluate the ...

The United States enacted a series of fiscal relief and stimulus bills in recent weeks, centered around the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The current fiscal response ...

For the problem of estimating lower tail and upper tail copulas, we propose two bootstrap procedures for approximating the distribution of the corresponding empirical tail copulas. The first method ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Michael Boyle is an experienced financial professional with more than 10 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Here’s an elegant solution to the problem of the US’s missing money multiplier. Just declare it doesn’t exist.

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 ...