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Fiscal multipliers and the state of the economy /
Only a few empirical studies have analyzed the relationship between fiscal multipliers and the underlying state of the economy. This paper investigates this link on a country-by-country basis for the G7 economies (excluding Italy). Our results show that fiscal multipliers differ across countries, ca...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
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| Colección: | IMF working paper ;
WP/12/286. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Only a few empirical studies have analyzed the relationship between fiscal multipliers and the underlying state of the economy. This paper investigates this link on a country-by-country basis for the G7 economies (excluding Italy). Our results show that fiscal multipliers differ across countries, calling for a tailored use of fiscal policy. Moreover, the position in the business cycle affects the impact of fiscal policy on output: on average, government spending, and revenue multipliers tend to be larger in downturns than in expansions. This asymmetry has implications for the choice between an upfront fiscal adjustment versus a more gradual approach. |
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| Notas: | Title from PDF title page (IMF Web site, viewed December 6, 2012). "Fiscal Affairs Department." "December 2012." |
| Descripción Física: | 1 online resource (31 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 9781589063891 1589063899 1475523920 9781475523928 1475565828 9781475565829 1475588003 9781475588002 |