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Autore: |
Baum Anja <1985->
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Titolo: |
Fiscal multipliers and the state of the economy / / prepared by Anja Baum, Marcos Poplawski-Ribeiro, and Anke Weber
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Pubblicazione: | Washington, D.C., : International Monetary Fund, c2012 |
Edizione: | 1st ed. |
Descrizione fisica: | 1 online resource (32 p.) |
Disciplina: | 332.1/52 |
Soggetto topico: | Multiplier (Economics) |
Fiscal policy - Developed countries | |
Altri autori: |
RibeiroMarcos Poplawski <1977->
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Note generali: | Description based upon print version of record. |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | Cover; Contents; I. Introduction; II. Background and Literature Review; A. What are Fiscal Multipliers and How Large are They?; B. Do Multipliers Differ in Downturns and Expansions?; Figures; 1. Country Characteristics and Multipliers; III. Data and Methodology; A. Data Sources and Description; Tables; 1. Cumulative Fiscal Multiplier Estimates from Selected Non-Linear Approaches; B. Threshold VAR Methodology; C. Impulse Response Functions; IV. Results; A. Country-by-Country Results; 2. G7 Selected Countries: Descriptive Statistics, 1965Q2-2011Q2 |
3. G7 Selected Countries: Threshold Estimation, 1965Q2-2011Q22. Cumulative Fiscal Multipliers: Fiscal Expansion; 3. Cumulative Fiscal Multipliers: Fiscal Contraction; B. Average of G7 Economies; C. Discussion and Caveats; 4. Fiscal Multipliers in G7 Economies; D. Policy Implications: Up-front versus Gradual Implementation; 5. G7 Economies: Cumulative Impact on Output from a Negative Discretionary Fiscal Spending Shock; V. Conclusions; A. Data Sources and Description; Appendix; B. Cumulative Generalized Impulse Response Functions and Confidential Intervals | |
C. Using Output Growth as the Threshold VariableReferences | |
Sommario/riassunto: | 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. |
Titolo autorizzato: | Fiscal multipliers and the state of the economy ![]() |
ISBN: | 1-4755-8800-3 |
1-4755-2392-0 | |
Formato: | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910816616703321 |
Lo trovi qui: | Univ. Federico II |
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