Hidden Bibliographic Details
| Other authors / contributors: | Devereux, Michael B., author.
IMF Institute, issuing body.
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| ISBN: | 1451905629
9781451905625
9781451860269
1451860269
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| ISSN: | 2227-8885
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| Notes: | Includes bibliographical references (pages 33-36).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper empirically explores how fiscal policy (represented by increases in government spending) has asymmetric effects on economic activity at different levels of real interest rates. It suggests that the effect of fiscal policy depends on the level of real rates, since the Ricardian effect is smaller at lower financing costs of fiscal policy. Using threshold regression models on U.S. data, the paper provides new evidence that expansionary government spending is more conducive to short-run growth when real rates are low. It also finds asymmetric effects on interest rates and inflation, and threshold effects associated with substitution between financing methods.
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| Other form: | Print version: Choi, Woon Gyu, 1960- Asymmetric effects of government spending. Washington, D.C. : International Monetary Fund, IMF Institute, ©2005
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| Standard no.: | 10.5089/9781451905625.001
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