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Explore Fiscal Multipliers Explained: What New Zealand’s GIMF Model Tells Us with 4,595 views, 9 likes, and 3 comments. Experience the impact of this video content that has captured audience attention.

What happens when governments spend more, cut taxes, or transfer money to households? And if each policy costs the same, do they have the same effect on GDP? In this video, I explore the New Zealand GIMF Fiscal Model, a recent report developed by researchers from the Global Forecasting School, with Doug Laxton as part of the author team. Using a New Zealand calibration of GIMF — the Global Integrated Monetary and Fiscal Model — we look at how different fiscal policies affect the economy and why their impacts can vary substantially. The video explores government consumption and investment, general and targeted transfers, tax cuts, and the role of monetary policy in determining fiscal multipliers. We also look beyond the first-year GDP effect to understand how fiscal policy interacts with public debt, private saving, foreign liabilities, trade, and the real exchange rate. One of the central lessons is simple: Who receives the money matters. What the government spends it on matters. How monetary policy responds matters. And what happens after Year One matters. The Better Policy Project, based in Lisbon, works to improve economic and financial literacy, strengthen the analytical frameworks used in policymaking, and communicate economic policy more effectively. 📍 Want to explore these ideas in more depth? Join us and the Global Forecasting School team in Prague, December 7–11, for our flagship executive workshop covering prudent risk management, policy-consistent FPAS scenarios, working with a suite of models, and “3C” growth strategies. #fiscalpolicy #GIMF #newzealand #economics #FiscalMultipliers #macroeconomics #economicpolicy #monetarypolicy #PublicDebt #governmentspending #taxpolicy #economicmodels #PolicyAnalysis #BetterPolicyProject #GlobalForecastingSchool

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