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Fiscal multipliers pandemic shock
| Description | FM(1) | FM(2) | FM(3) | FM(4) | FM(5) |
|---|---|---|---|---|---|
| Govt. consumption | 0.8468 | 0.4005 | 0.2714 | −0.1561 | 0.8054 |
| Tax relief | 0.3982 | 1.2406 | 1.1281 | −0.0634 | 0.3792 |
| Economic Stabilization Program | 0.3612 | 1.2686 | 1.0891 | −0.0718 | 0.3445 |
| Transfer | 0.3815 | 1.1805 | 1.0769 | −0.0599 | 0.3633 |
| Liquidity assistance | 0.3197 | 0.1512 | 0.0462 | −0.0750 | −0.1091 |
