It was the largest cut in history for the federal food assistance program, which provides annual benefits to 12% of the U.S.

Basically the authors looked at whether the economic theory of money multiplier (a central concept in fractional reserve banking) is supported by empirical data, and found that it is not. Part of ...

In an era of economic uncertainty and geopolitical tensions, the United States stands at a crossroads. With refinery capacity ...

This research has been peer-reviewed. For more information on this research see: Fiscal Multipliers and Financial Crises. Review of Economics and Statistics, 2024;106 (3):728-747.

The standard new Keynesian model predicts that economies behave differently at the zero lower bound: completely wasteful government spending or forward guidance is very stimulative, and capital ...