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

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 ...

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

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 ...

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 ...

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 ...