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 ...

This Selected Issues Paper revisits fiscal multipliers for Estonia with a view to highlighting policy trade-offs and providing growth-friendly options for fiscal consolidation. The pandemic triggered ...

The results suggest that fiscal policy using government current primary spending is ineffective, but using government investment is very potent in small states in affecting the level of their GDP over ...

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 ...

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 ...

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, ...

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 ...