Fiscal multipliers and the state of the economy /
Saved in:
| Author / Creator: | Baum, Anja, 1985- |
|---|---|
| Imprint: | [Washington, D.C.] : International Monetary Fund, ©2012. |
| Description: | 1 online resource (31 pages) |
| Language: | English |
| Series: | IMF working paper ; WP/12/286 IMF working paper ; WP/12/286. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/11301855 |
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| 050 | 4 | |a HG3881.5.I58 |b W67 No. 12/286eb | |
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| 100 | 1 | |a Baum, Anja, |d 1985- | |
| 245 | 1 | 0 | |a Fiscal multipliers and the state of the economy / |c prepared by Anja Baum, Marcos Poplawski-Ribeiro, and Anke Weber. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2012. | ||
| 300 | |a 1 online resource (31 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 340 | |g polychrome. |2 rdacc |0 http://rdaregistry.info/termList/RDAColourContent/1003 | ||
| 347 | |a data file | ||
| 490 | 1 | |a IMF working paper ; |v WP/12/286 | |
| 500 | |a Title from PDF title page (IMF Web site, viewed December 6, 2012). | ||
| 520 | |a 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. | ||
| 504 | |a Includes bibliographical references. | ||
| 500 | |a "Fiscal Affairs Department." | ||
| 500 | |a "December 2012." | ||
| 505 | 0 | |a 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. | |
| 505 | 8 | |a 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. | |
| 650 | 0 | |a Multiplier (Economics) |0 http://id.loc.gov/authorities/subjects/sh85088384 | |
| 650 | 0 | |a Fiscal policy |z Developed countries. | |
| 650 | 6 | |a Multiplicateur (Économie politique) | |
| 650 | 6 | |a Politique fiscale |z Pays industrialisés. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Industries |x General. |2 bisacsh | |
| 650 | 7 | |a Fiscal policy. |2 fast |0 (OCoLC)fst00925806 | |
| 650 | 7 | |a Multiplier (Economics) |2 fast |0 (OCoLC)fst01029065 | |
| 651 | 7 | |a Developed countries. |2 fast |0 (OCoLC)fst01294462 | |
| 655 | 7 | |a Electronic books. |2 gtlm | |
| 700 | 1 | |a Ribeiro, Marcos Poplawski, |d 1977- | |
| 700 | 1 | |a Weber, Anke, |d 1981- | |
| 710 | 2 | |a International Monetary Fund. | |
| 830 | 0 | |a IMF working paper ; |v WP/12/286. | |
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