This paper estimates the effects of fiscal stimulus on economic activity using a novel database on large fiscal expansions for 17 OECD countries for the period 1960–2006. The database is constructed by combining the statistical approach to identifying large shifts in fiscal policy with narrative evidence from contemporaneous policy documents. When correctly identified, large fiscal stimulus packages are found to have strong and persistent expansionary effects on economic activity, with a multiplier of 1 or above. The effects of stimulus are largest in slumps and smallest in booms.
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This paper estimates the effects of fiscal stimulus on economic activity using a novel database on large fiscal expansions for 17 OECD countries for the period 1960–2006. The database is constructed by combining the statistical approach to identifying large shifts in fiscal policy with narrative evidence from contemporaneous policy documents. When correctly identified, large fiscal stimulus packages are found to have strong and persistent expansionary effects on economic activity, with a multiplier of 1 or above. The effects of stimulus are largest in slumps and smallest in booms.
| # | Наименование новости | Тональность | Информативность | Дата публикации |
|---|---|---|---|---|
| 1 | FEDS Paper: Measuring Macroeconomic Stars: A Framework with Scarring Effects | 0 | 11.1 | 31-07-2026 |
| 2 | Impact of the Trump Fiscal Stimulus on US Economic Growth | 0 | 5.4 | 06-04-2018 |
| 3 | Deconstructing CEA Estimates of US Tax Cuts Spillover Effects | 0 | 6.59 | 07-06-2018 |
| 4 | Эксперты: рост расходов на нацпроекты с низким исполнением повышает риски освоения денег | 0 | 0 | 30-10-2019 |
| 5 | Краткосрочный анализ динамики ВВП: август 2026 | 0 | 13.75 | 03-08-2026 |
| 6 | ЦБ: экономическая активность восстанавливается быстрее, чем прогнозировалось | 0 | 0 | 18-09-2020 |
| 7 | Britain’s shifting GDP numbers | 0 | 10 | 12-02-2026 |
| 8 | First Principles GDP – REAL GDP Growth Via Massive Investment | 0 | 7.91 | 16-02-2026 |
| 9 | Минэкономразвития: эпидситуация остается фактором риска при восстановлении экономики РФ | 0 | 0 | 11-08-2020 |
| 10 | Экономия | 0 | 0 | 20-07-2026 |