This paper investigates the role of informality in affecting the magnitude of the fiscal multiplier in a panel of 141 countries, using the local projections method. We find a strong negative ...
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 ...
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 ...
2024 JUL 26 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- New research on Economics - Economics and Statistics is the subject of a report. According to news reporting ...
We study how international labor mobility interacts with fiscal policy and skills mismatch. We develop a small open economy model featuring heterogeneous households, endogenous migration decisions, ...
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 ...
The economic theory driving the $800 billion Obama stimulus holds that government spending has a multiplier, especially during tough economic times. For every $1 of spending, overall GDP increases by ...
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