Learn how the fiscal multiplier impacts GDP, understand its formula, and see real-world examples of fiscal policies affecting ...
Learn how changes in fiscal policy, like government spending or tax rates, can multiply economic growth by increasing GDP and ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
With fiscal adjustment proceeding quickly in Bulgaria and given the weak economic growth environment, there is keen interest in making the budget composition more growth friendly. This paper ...
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 ...
A European Central Bank working paper assesses how a constrained monetary policy can alter the reaction of both output and inflation in response to a contractionary fiscal shock. Fiscal multipliers, ...
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