Learn how the fiscal multiplier impacts GDP, understand its formula, and see real-world examples of fiscal policies affecting ...

Learn how changes in fiscal policy, like government spending or tax rates, can multiply economic growth by increasing GDP and ...

The United States has implemented large-scale fiscal policy measures to help households and businesses cushion the economic fallout from the COVID-19 pandemic and to strengthen the recovery. The ...

This paper provides a general framework to assess the output and debt dynamics of an economy undertaking multi-year fiscal adjustment. The framework allows country-specific assumptions about 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 ...