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Understanding the Size of the Government Spending Multiplier: It’s in the Sign (Barcelona GSE, 48 page read) The fiscal multiplier is above 1 during austerity, and larger if the economy is operating with spare capacity. Expansionary fiscal policy, by contrast, has a multiplier of less than one and does not vary with the economic cycle. A contrasting view from the research we included previously on fiscal multipliers from VoxEU.
Quality Of Government Matters More Than Size Of Government For Human Development, Education And Life Expectancy (Then Do Better, 6 min read) Health, education, peace and human development are more dependent on the quality of government, rather than its size.