Tag Archive for 'Elmendorf'

More on fiscal multipliers

In my previous piece on this, I highlighted that the fiscal multiplier will be different for different ways of “spending” the money (I put spending in quotes because there is also the possibility of simply offering tax cuts).  Via Menzie Chinn, I see that the Congressional Budget Office has put out estimates of the fiscal multiplier for different forms of fiscal stimulus:

That’s table 5 from this document.