Which takes a bigger bite out of the economy, government spending cuts or tax hikes? The chart shows the relative size of the bite that each takes out of GDP as a percentage of each dollar in cut ...

We are going through a large federal government spending cut in the range of $1 trillion to $2 trillion per year. This would be drop from $6.7 trillion in spending. The cuts would be 15% to 30% of the ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation We estimate the subnational employment and GDP multiplier of Brazil's 2020 federal cash transfers to vulnerable households.

Thanks in large part to recently enacted tax cuts, U.S. fiscal policy has taken a decidedly procyclical turn—providing stimulus when the economy is growing. In fact, the projected increase in the ...