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[null,"1.","Record Nr.",null,"UNINA9910970779603321"]
[null,null,"Autore",null,"Müller Gernot"]
[null,null,"Titolo",null,"Fiscal Stimulus with Spending Reversals / / Gernot Müller, Giancarlo Corsetti, Andre Meier"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2009"]
[null,null,"ISBN",null,"9786612843211"]
[{"$nulls":4},"9781462329540"]
[{"$nulls":4},"1462329543"]
[{"$nulls":4},"9781452783369"]
[{"$nulls":4},"1452783365"]
[{"$nulls":4},"9781282843219"]
[{"$nulls":4},"1282843214"]
[{"$nulls":4},"9781451872538"]
[{"$nulls":4},"1451872534"]
[null,null,"Edizione",null,"[1st ed.]"]
[null,null,"Descrizione fisica",null,"1 online resource (41 p.)"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Disciplina",null,"332.1"]
[null,null,"Soggetti",null,"Expenditures, Public"]
[{"$nulls":4},"Fiscal policy"]
[{"$nulls":4},"Banks and Banking"]
[{"$nulls":4},"Currency"]
[{"$nulls":4},"Expenditure"]
[{"$nulls":4},"Finance"]
[{"$nulls":4},"Fiscal Policy"]
[{"$nulls":4},"Foreign Exchange"]
[{"$nulls":4},"Foreign exchange"]
[{"$nulls":4},"Interest rates"]
[{"$nulls":4},"Interest Rates: Determination, Term Structure, and Effects"]
[{"$nulls":4},"Long term interest rates"]
[{"$nulls":4},"Macroeconomics"]
[{"$nulls":4},"National Government Expenditures and Related Policies: General"]
[{"$nulls":4},"Public finance & taxation"]
[{"$nulls":4},"Public Finance"]
[{"$nulls":4},"Real exchange rates"]
[{"$nulls":4},"Real interest rates"]
[{"$nulls":4},"United States"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","Description based upon print version of record."]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"Contents; I. Introduction; II. Model; A. Final Good Firms; B. Intermediate Good Firms; C. Households; D. Government; E. Equilibrium; III. Fiscal Policy Transmission with Spending Reversals; A. Parameterization; Tables; 1. Parameterization of the Model; B. Quantitative Analysis; Figures; 1. Effect of Government Spending Shocks: Sticky Price vs. Flexible Price Allocation; 2. Effect of Government Spending Shocks: Debt-Stabilizing vs. Debt- Insensitive Spending Rule; 3. Effect of Government Spending Shocks: Model with Limited Participation in Asset Markets; IV. Time Series Evidence"]
[{"$nulls":4},"A. VAR SpecificationB. Results; 4. Fiscal Policy Transmission According to VAR Model: Effects of VAR Shock; 5. Fiscal Policy Transmission According to VAR Model: Effects of Military Event; V. Conclusion; References; Appendices; I. More Simulation Results; Appendix Figures; A.1.  Effect of Government Spending Shocks: Debt-Stabilizing vs. Debt- Insensitive Government Spending under Complete Markets; A.2. Effects of Government Spending Shocks: High Debt Elasticity of Interest Rates vs. Baseline; II. Data; III. Sensitivity Analysis of VAR Results"]
[{"$nulls":4},"A.3. Fiscal Policy Transmission According to VAR Model: Effects of VAR Shock. Sensitivity AnalysisA.4. Fiscal Policy Transmission According to VAR Model: Effects of Military Event. Sensitivity Analysis; A.5. Fiscal Policy Transmission According to VAR Model: Effects of VAR Shock in Nominal VAR; A.6. Fiscal Policy  Transmission According to VAR Model: Effects of Military Event in Nominal VAR"]
[null,null,null,"Sommario/riassunto","The impact of fiscal stimulus depends not only on short-term tax and spending policies, but also on expectations about offsetting measures in the future. This paper analyzes the effects of an increase in government spending under a plausible debt-stabilizing policy that links current stimulus to a subsequent period of spending restraint. Accounting for such spending reversals brings an otherwise standard new Keynesian model in line with the stylized facts of fiscal transmission, including the crowding-in of consumption and the 'puzzle' of real exchange rate depreciation. Time series evidence for the U.S. supports the empirical relevance of spending reversals."]