Hidden Bibliographic Details
| Other authors / contributors: | Ribeiro, Marcos Poplawski, 1977-
Weber, Anke, 1981-
International Monetary Fund.
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| ISBN: | 9781589063891
1589063899
1475523920
9781475523928
1475565828
9781475565829
9781475523928
9781475565829
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| Digital file characteristics: | data file
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| Notes: | Title from PDF title page (IMF Web site, viewed December 6, 2012).
"Fiscal Affairs Department."
"December 2012."
Includes bibliographical references.
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| Summary: | 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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