“...•We estimate the dynamic effects of government spending shocks, using time-varying volatility in US data.•We find that the average government spending...”

“...This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as...”

“...This paper studies fiscal policy in a model with nominal gross domestic product (GDP) targeting. We find that, with wage rigidity, nominal GDP targeting...”

“...A law issued to combat political corruption and Mafia infiltration of city councils in Italy has resulted in episodes of large, unanticipated, temporary...”

“...There are suggestions that increased uncertainty makes fiscal policy temporarily less effective. In this paper, I examine the relationship between business...”

“...This paper shows that under a strict inflation targeting regime, the government spending multiplier at the zero lower bound (ZLB) is larger under sticky...”

“...I study the impact of a government spending shock in a New Keynesian model when monetary policy is set optimally. In this framework, the economy is at the zero...”

“...Standard business cycle models face difficulties generating (i) government spending multipliers exceeding unity and (ii) stabilizing effects of government...”

“...This study aims to measure the size of the government spending multiplier in Turkey for post-2001 financial crisis period within a structural VAR framework...”

“...In this article we analyze the effectiveness of fiscal policy-for a group of four Central and Eastern European countries. The recent literature shows that...”