A lot of bucks, but how much bang?
A lot of bucks, but how much bang? Richard Clarida16 March 2009Policymakers have committed substantial sums to addressing the global recession and the global financial crisis, but there is real doubt...
View ArticleWill the stimulus work? Reasons to doubt the Romer-Bernstein spending...
The fiscal stimulus debate: “Bone-headed” and “Neanderthal”? Volker Wieland31 March 2009US economic advisers called for aggressive fiscal stimulus, and some support further measures. But many...
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Determining the size of the fiscal multiplier
How big are fiscal multipliers? New evidence from new data Enrique Mendoza, Carlos Vegh, Ethan Ilzetzki01 October 2009How much stimulus does spending provide? This column says that fiscal multipliers...
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Measuring the output responses to fiscal policy
Measuring the output responses to fiscal policy Alan Auerbach, Yuriy Gorodnichenko03 September 2010The return from a fiscal stimulus – the fiscal multiplier – remains one of the most controversial...
View ArticleWhat is the size of the fiscal multiplier? An estimate you can’t refuse
What is the size of the multiplier? An estimate one can’t refuse Giancarlo Corsetti, Saverio Simonelli, Antonio Acconcia04 April 2011Few things divide the economics profession more than this question:...
View ArticleGauging the multiplier: Lessons from history
Gauging the multiplier: Lessons from history Barry Eichengreen, Kevin O'Rourke23 October 2012The size of the fiscal policy multiplier – and thus the impact of austerity on GDP – has been a contentious...
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Interwar British fiscal policy and economic growth
Positive effects of fiscal policy on economic growth: New evidence from the Great Depression in Britain James Cloyne, Nicholas Dimsdale, Natacha Postel-Vinay02 November 2018The austerity, low interest...
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How US consumers use their stimulus payments
How US consumers use their stimulus payments Olivier Coibion, Yuriy Gorodnichenko, Michael Weber08 September 2020A major component of the 27 March CARES Act in the US was a one-time transfer to all...
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