Explore how the crowding-out and multiplier effects impact government stimulus spending. Learn which theory better stimulates ...

Monetary and fiscal policy respond to economic conditions, with the appropriate response dependent on the balance of supply and demand in goods and services markets and capital markets. Monetary ...

The US is on an unsustainable fiscal path, accumulating debt at a faster pace than the economy is growing. The US fiscal situation is worsening at an exponential pace, with no solution in sight. While ...

Empirical (employing the Blanchard-Perotti framework) and modeling (using a country-specific DSGE model) approaches are used to estimate fiscal multipliers by policy instrument for Bolivia, to ...

We study how international labor mobility interacts with fiscal policy and skills mismatch. We develop a small open economy model featuring heterogeneous households, endogenous migration decisions, ...

India's fiscal discipline and multiple structural strengths are creating a powerful growth multiplier, restoring policy ...