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 ...

It’s official, the National Bureau of Economic Research recently announced we are now in a recession. What will the economic recovery look like? The Hawaii Department of Transportation has already ...

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 ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Empirical (employing the Blanchard-Perotti framework) and modeling (using a country-specific DSGE model) approaches are ...

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, ...

Journal of Money, Credit and Banking, Vol. 50, No. 4 (June 2018), pp. 789-815 (27 pages) This paper examines whether fiscal stimuli are more effective when the monetary policy is less responsive to ...

This is a preview. Log in through your library . Abstract Standard business cycle models have difficulties generating large, state-dependent fiscal multipliers. Employing a model of costly financial ...

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 ...

It’s now generally accepted that the fiscal stimulus multiplier is roughly zero in countries where the central bank targets inflation. [Well, at least in graduate level economics, not undergrad ...

The modern economy is built not only on hard work and technological progress, but on itself. Unfortunately, the economy's amazing ability to create a lot from a little goes alongside a terrifying ...

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 ...