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Fiscal Policy and Economic Activity During Recessions in Advanced Economies

Using data for advanced economies, this paper investigates whether factors identified in the theoretical and empirical literature explain the effectiveness of fiscal policy in responding to recessions. The results are informative about the fiscal response to recessions but provide only a partial exp...

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Bibliographic Details
Main Author: Schimmelpfennig, Axel
Other Authors: Hemming, Richard, Mahfouz, Selma
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2002
Series:IMF Working Papers
Subjects:
Fiscal Stance
Single Equation Models
Treasury Policy
Comparative Or Joint Analysis Of Fiscal And Monetary Policy
Treatment Effect Models
Stabilization
Public Finance & Taxation
Government Debt Management
Fiscal Multipliers
Debt Management
Fiscal Policy
Debts, Public
Debt
Sovereign Debt
Macroeconomics
Studies Of Particular Policy Episodes
Fiscal Stimulus
Automatic Stabilizers
Public Finance
Spatial Models
Fiscal Policies And Behavior Of Economic Agents: General
Single Variables: Cross-sectional Models
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Using data for advanced economies, this paper investigates whether factors identified in the theoretical and empirical literature explain the effectiveness of fiscal policy in responding to recessions. The results are informative about the fiscal response to recessions but provide only a partial explanation of the impact of fiscal policy on economic activity. Overall, it would appear that fiscal multipliers are very small
Physical Description:24 pages
ISBN:9781451851038

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