0.6 to 1 for spending multipliers and -2 to -3 for tax change multipliers. However, I identify economic circumstances in which multipliers lie outside those ranges. Finally, I review the debate on ...

From the BRICs to Southern Europe, economic analysts are beginning to discuss the conditions for a negative fiscal multiplier. In other words, in spite of the famous identity Y = C(p ...

The economic base model has some conditional assumptions while it is quite tractable. Recently, papers by Moretti and others show significant regional multiplier effects of innovative jobs. They ...

FINANCE Secretary Ralph G. Recto said the law offering value-added tax (VAT) refunds for tourists will have a multiplier effect on the economy equivalent to nearly double actual visitor spending. Mr.