United Kingdom : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

March 7, 2002

Electronic Access:

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Summary:

This Selected Issues paper examines from an empirical standpoint the impact of fiscal aggregates on the evolution of output and the real effective exchange rate in the United Kingdom from the late 1970s to the present. It finds that the size of the dynamic fiscal multipliers is small, and often statistically nonsignificant. The paper also finds that the direction of the impact of taxes and government consumption, but not of social transfers, is, if anything, the reverse of that predicted by standard Keynesian models.

Series:

Country Report No. 02/46

Subject:

English

Publication Date:

March 7, 2002

ISBN/ISSN:

9781451814163/1934-7685

Stock No:

1GBREA0022002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

74

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