Discussion paper

DP10986 What Do We Know About Fiscal Multipliers?

The Empirical evidence on fiscal multipliers is very heterogenous. In this paper we first survey available estimates of fiscal multipliers to try to understand their heterogeneity. We provide a general framework that allows to make the identification and specification choices made by the different authors explict and leads hopefully to a better understanding of the heterogeneity of results.


Favero, C (2015), ‘DP10986 What Do We Know About Fiscal Multipliers?‘, CEPR Discussion Paper No. 10986. CEPR Press, Paris & London. https://cepr.org/publications/dp10986