Policy insights

Policy Insights

Policy Insight 39: How big are fiscal multipliers?

Economists do not agree on one question crucial to evaluating governments' responses to the crisis: how much stimulus does spending provide? A new CEPR Policy Insight examines how the characteristics of an economy impact on the size of fiscal multipliers.

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Ilzetzki, E, E Mendoza and C Vegh (2009), Policy Insight 39: How big are fiscal multipliers?, CEPR Policy Insight No 39, CEPR Press, Paris & London. https://cepr.org/publications/policy-insight-39-how-big-are-fiscal-multipliers