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– Findings from an international research conference
This policy brief draws on the studies presented at the International Research Conference on the Effectiveness of Development Cooperation on 17–18 November 2022, in Brussels, Belgium and jointly organized by UNU-WIDER and the European Commission (DG INTPA) under its capacity as the leading entity of...
Much of the research on the impact of fiscal policy shocks on macroeconomic outcomes (e.g., fiscal multipliers) uses reduced-form modelling approaches such as vector auto-regressions to obtain empirical results. In a recent study1, we used this approach to estimate fiscal multipliers for South...
Despite the frequent use of fiscal policy for stabilization purposes, there remains significant uncertainty regarding the impact of fiscal policy decisions on macroeconomic outcomes. This impact is quantified by calculating fiscal multipliers. A fiscal multiplier measures the impact of government’s...
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