| Description |
1 online resource (31 pages). |
|
data file |
|
Bibliography |
| Series |
IMF working paper ; WP/12/286
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IMF working paper ; WP/12/286.
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| Note |
Title from PDF title page (IMF Web site, viewed Dec. 6, 2012). |
| 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. |
| Bibliography |
Includes bibliographical references. |
| Note |
"Fiscal Affairs Department." |
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"December 2012." |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Multiplier (Economics)
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Multiplier (Economics) |
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Fiscal policy -- Developed countries.
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Fiscal policy. |
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Developed countries. |
| Genre/Form |
Electronic books.
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| Added Author |
Ribeiro, Marcos Poplawski, 1977-
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Weber, Anke, 1981-
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International Monetary Fund.
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| ISBN |
9781589063891 |
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1589063899 |
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9781475523928 |
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9781475565829 |
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