This paper investigates the role of informality in affecting the magnitude of the fiscal multiplier in a panel of 141 countries, using the local projections method. We find a strong negative ...

The United States enacted a series of fiscal relief and stimulus bills in recent weeks, centered around the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The current fiscal response ...

The OECD just published its November 2016 Global Economic Outlook. Its projections suggest an acceleration of global growth rates in particular in countries with plans for a fiscal expansion. In the ...

The severe global economic downturn and the large stimulus programs that governments in many countries adopted in response have generated a resurgence in research on the effects of fiscal policy. One ...

Shawkat Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at [email protected]. There is currently a debate raging among first-rate economists ...