#2575. Government spending multipliers in (un)certain times

February 2027publication date
Proposal available till 30-05-2025
4 total number of authors per manuscript4500 $

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Journal’s subject area:
Finance;
Economics and Econometrics;
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Abstract:
The article analyzes the dynamic effects of government spending shocks using the time-varying volatility of US data modeled using a Markov switching process. The results show that the average multiplier of government spending is significantly and consistently above unity, which is due to the crowding out of private consumption and investment in non-residential premises.
Keywords:
Fiscal policy; Government spending multiplier; Heteroskedasticity; Structural vector autoregressions; Uncertainty

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