On 11/15/2013 7:00 PM, Steve Kates wrote:
> the econometric work of Alesina


Alesina, Alberto, 2012,
"Fiscal Policy after the Great Recession"
http://link.springer.com/content/pdf/10.1007%2Fs11293-012-9337-z
provides a summary of recent empirical studies:

      "The range of the spending multiplier estimated using
      these various approaches is from .4 to 1.5, with some
      estimates even lower than .4 and some estimates larger
      than 1.5.  However, most fall in the .4 to 1.5 range."


The standard value for a "Classical" spending multiplier is 0.

Alan Isaac