000 | 05455cam a2200865Ia 4500 | ||
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001 | ocn821064563 | ||
003 | OCoLC | ||
005 | 20220711185158.0 | ||
006 | m o d | ||
007 | cr ||||||||||| | ||
008 | 121213s2012 dcu ob i000 0 eng d | ||
040 |
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020 | _a9781589063891 | ||
020 | _a1589063899 | ||
020 | _a1475523920 | ||
020 | _a9781475523928 | ||
020 | _a1475565828 | ||
020 | _a9781475565829 | ||
020 | _z9781475523928 | ||
020 | _z9781475565829 | ||
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043 | _add----- | ||
050 | 4 |
_aHG3881.5.I58 _bW67 No. 12/286eb |
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072 | 7 |
_aBUS _x070000 _2bisacsh |
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082 | 0 | 4 |
_a338.5/4 _223 |
049 | _aMAIN | ||
100 | 1 |
_aBaum, Anja, _d1985- _9372995 |
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245 | 1 | 0 |
_aFiscal multipliers and the state of the economy / _cprepared by Anja Baum, Marcos Poplawski-Ribeiro, and Anke Weber. |
260 |
_a[Washington, D.C.] : _bInternational Monetary Fund, _c©2012. |
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300 | _a1 online resource (31 pages) | ||
336 |
_atext _btxt _2rdacontent |
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337 |
_acomputer _bc _2rdamedia |
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338 |
_aonline resource _bcr _2rdacarrier |
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340 |
_gpolychrome. _2rdacc _0http://rdaregistry.info/termList/RDAColourContent/1003 |
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347 |
_adata file _2rda |
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490 | 1 |
_aIMF working paper ; _vWP/12/286 |
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500 | _aTitle from PDF title page (IMF Web site, viewed Dec. 6, 2012). | ||
520 | _aOnly 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 | _aIncludes bibliographical references. | ||
500 | _a"Fiscal Affairs Department." | ||
500 | _a"December 2012." | ||
505 | 0 | _aCover; 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 | _a3. 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. | |
590 |
_aeBooks on EBSCOhost _bEBSCO eBook Subscription Academic Collection - Worldwide |
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650 | 0 |
_aMultiplier (Economics) _9216445 |
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650 | 0 |
_aFiscal policy _zDeveloped countries. _9238310 |
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650 | 6 |
_aMultiplicateur (Économie politique) _9912284 |
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650 | 6 |
_aPolitique fiscale _zPays industrialisés. _9912285 |
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650 | 7 |
_aBUSINESS & ECONOMICS _xIndustries _xGeneral. _2bisacsh |
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650 | 7 |
_aFiscal policy. _2fast _0(OCoLC)fst00925806 _934132 |
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650 | 7 |
_aMultiplier (Economics) _2fast _0(OCoLC)fst01029065 _9216445 |
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651 | 7 |
_aDeveloped countries. _2fast _0(OCoLC)fst01294462 _9880407 |
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655 | 0 | _aElectronic books. | |
655 | 4 | _aElectronic books. | |
655 | 7 |
_aElectronic books. _2gtlm |
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700 | 1 |
_aRibeiro, Marcos Poplawski, _d1977- _9372996 |
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700 | 1 |
_aWeber, Anke, _d1981- |
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710 | 2 |
_aInternational Monetary Fund. _96280 |
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830 | 0 |
_aIMF working paper ; _vWP/12/286. |
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856 | 4 | 0 | _uhttps://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=536801 |
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