Fiscal Multipliers and the State of the Economy
Baum, Anja, Poplawski-Ribeiro, Marcos & Weber, Anke. Only a few empirical studies have analyzed the relationship between fiscal multipliers and the underlying state of the economy. This paper investigates this link on a country-by-country basis for the G7 economies (excluding Italy). Our results show that fiscal multipliers differ across countries, calling for a tailored use […]