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 ...

This paper estimates the macroeconomic effects of fiscal consolidations in sub-Saharan Africa using a newly constructed ...

The model finds significant evidence that the impact of fiscal policy on economic activity varies with the business cycle and that the effect of fiscal policy on output is nonlinear. Average fiscal ...

Daboh, F., Ngebeh, R. and Beah, A. (2026) The Fiscal Multiplier Effect: A Quantitative Analysis of Government Spending’s Impact on Economic Growth in Sierra Leone . Open Access Library Journal, 13, ...

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 ...

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 ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation The effectiveness of fiscal policy in smoothing the impact of shocks depends critically on the size of fiscal multipliers.

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 ...

In the latter part of 2012, the United States' economy was falling into recession. We know this because we watched in real time as the forces of recession built up through much of the second half of ...

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, ...