Fiscal Multipliers and the State of the Economy / / Anja Baum, Marcos Poplawski Ribeiro, Anke Weber
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| Autore: |
Baum Anja
|
| Titolo: |
Fiscal Multipliers and the State of the Economy / / Anja Baum, Marcos Poplawski Ribeiro, Anke Weber
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (32 p.) |
| Disciplina: | 332.1/52 |
| Soggetto topico: | Multiplier (Economics) |
| Fiscal policy - Developed countries | |
| Business Fluctuations | |
| Cycles | |
| Economic theory | |
| Expenditure | |
| Expenditures, Public | |
| Fiscal consolidation | |
| Fiscal multipliers | |
| Fiscal Policy | |
| Fiscal policy | |
| Macroeconomics | |
| Macroeconomics: Production | |
| National Government Expenditures and Related Policies: General | |
| Output gap | |
| Production and Operations Management | |
| Production | |
| Public finance & taxation | |
| Public Finance | |
| Quantitative Policy Modeling | |
| Soggetto geografico: | United States |
| Altri autori: |
Poplawski RibeiroMarcos
WeberAnke
|
| 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 |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2012/286