We analyse whether estimated multiplier effects are systematically higher if the economy
suffers a downturn. For that purpose, we conduct a meta‐regression analysis on a unique …

This paper takes stock of what we have learned from the “Renaissance” in fiscal research in
the ten years since the financial crisis. I first discuss the new innovations in methodology and …

This paper discusses empirical approaches macroeconomists use to answer questions like:
What does monetary policy do? How large are the effects of fiscal stimulus? What caused …

A geographic cross-sectional fiscal spending multiplier measures the effect of an increase in
spending in one region of a monetary union. Empirical studies of such multipliers have …

We use rich historical data on military procurement to estimate the effects of government
spending. We exploit regional variation in military buildups to estimate an “open economy …

While R is the software of choice and the undisputed leader in many fields of statistics, this is
not so in econometrics; yet, its popularity is rising both among researchers and in university …

This paper studies how the effects of government spending vary with the economic
environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from …

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 …

We provide explicit solutions for government spending multipliers during a liquidity trap and
within a fixed exchange regime using standard closed and open-economy New Keynesian …

We examine the impact of natural disasters on GDP per capita by applying the synthetic
control approach and using a within-country perspective. Our analysis encompasses two …