Fiscal multipliers vary across time and place but are generally nonzero, positive for spending, negative for taxes, and larger when monetary policy cannot offset them.

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• Automatic fiscal stabilizers give fiscal policy an advantage over monetary policy in stabilizing output because they act faster. OBOlivier Blanchard1 Jun 2022fiscal policy
• During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. OBOlivier Blanchard1 Jun 2022fiscal policy
• The main obstacle to sound fiscal policy debate is a widespread, quasi-religious belief that public debt is inherently bad. OBOlivier Blanchard1 Jun 2022fiscal policy
• A designer's assumption about where a component belongs is a personal assumption and does not mean that the market or the users will react to the component that way. MSMarvin Schwaibold2 Apr 2026JavaScript
• A proprietary language licensed from Microsoft had zero chance in the JavaScript ecosystem: TypeScript had to be open source or nobody would come. AHAnders Hejlsberg13 May 2026JavaScript

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