An IMF study uses artificial intelligence to analyze decades of economic reports and build a global dataset of government spending actions across 64 countries. The research finds that government ...

We build the first global quarterly narrative database of discretionary government spending actions by applying a fixed GPT–4 ...

First-year multiplier estimates tend to fall in a 0.85–1.4 range for a general fiscal shock, 0.6–1.2 for aggregate spending, and about -0.2 for revenue. Granular multipliers suggest initially larger ...