In this article, we review the theoretical consequences of government purchases shocks for
both closed and open economies, followed by a discussion of the empirical literature. Next …

This essay briefly reviews the state of knowledge about the government spending multiplier.
Drawing on theoretical work, aggregate empirical estimates from the United States, as well …

The output effects of 2009 fiscal expansions have been hotly debated. But the discussion of
fiscal multipliers is even more relevant now that several European countries have had to …

I apply a meta-regression analysis to a unique data set of 104 studies on multiplier effects to
derive stylized facts and quantify the differing effectiveness of the composition of fiscal …

Do tax cuts and spending increases stimulate output? Studies that identify fiscal shocks
using structural vector autoregressions (SVAR) have reached different conclusions. In this …

We investigate the effects of government spending on US output with a threshold structural
vector autoregressive model. We consider Bayesian model comparison and generalized …

Fiscal multipliers are important tools for macroeconomic projections and policy design. In
many countries, little is known about the size of multipliers, as data availability limits the …

We use a threshold VAR analysis to study the linkages between changes in the debt ratio,
economic activity and financial stress within different financial regimes. We use quarterly …

We investigate the impact of fiscal stimuli at different levels of the government debt‐to‐GDP
ratio for a sample of 17 European countries from 1970 to 2010. This is implemented in an …

Fiscal multipliers are important tools for macroeconomic projections and policy design. In
many countries, little is known about the size of multipliers, as data availability limits the …