United Kingdom Selected Issues

This Selected Issues paper examines from an empirical standpoint the impact of fiscal aggregates on the evolution of output and the real effective exchange rate in the United Kingdom from the late 1970s to the present. It finds that the size of the dynamic fiscal multipliers is small, and often stat...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2002
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a United Kingdom  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2002 
300 |a 74 pages 
651 4 |a United Kingdom 
653 |a Manufacturing industries 
653 |a Wealth 
653 |a Economics 
653 |a Infrastructure 
653 |a Saving 
653 |a Economic Development: Urban, Rural, Regional, and Transportation Analysis 
653 |a Government consumption 
653 |a Fiscal Policy 
653 |a Housing 
653 |a Currency 
653 |a Exports and Imports 
653 |a Fiscal policy 
653 |a International economics 
653 |a National accounts 
653 |a National income 
653 |a Property & real estate 
653 |a Foreign Exchange 
653 |a Urban, Rural, and Regional Economics: Household Analysis: General 
653 |a Saving and investment 
653 |a Household consumption 
653 |a Consumption 
653 |a Macroeconomics 
653 |a Macroeconomics: Consumption 
653 |a Real exchange rates 
653 |a Public Finance 
653 |a Foreign exchange 
710 2 |a International Monetary Fund 
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490 0 |a IMF Staff Country Reports 
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520 |a This Selected Issues paper examines from an empirical standpoint the impact of fiscal aggregates on the evolution of output and the real effective exchange rate in the United Kingdom from the late 1970s to the present. It finds that the size of the dynamic fiscal multipliers is small, and often statistically nonsignificant. The paper also finds that the direction of the impact of taxes and government consumption, but not of social transfers, is, if anything, the reverse of that predicted by standard Keynesian models