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 estimates the macroeconomic effects of fiscal consolidations in sub-Saharan Africa using a newly constructed narrative dataset of discretionary fiscal policy actions for 14 countries over ...

COVID-19 and the related government-led lockdowns have resulted in widespread economic shock and job loss, in the UK and around the world. Governments, including in low and middle-income countries, ...

Essentially, the Keynesian multiplier is a theory that states the economy will flourish the more the government spends, and the net effect is greater than the exact dollar amount spent. The multiplier ...

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 hammousm@drexel.edu. There is currently a debate raging among first-rate economists ...