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Fiscal Policy and Economic Activity During Recessions in Advanced Economies
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Author/Editor: |
Hemming, Richard | Mahfouz, Selma | Schimmelpfennig, Axel |
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May 1, 2002 |
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Electronic Access: |
Free Full Text (PDF file size is 673KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
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Summary: Using data for advanced economies, this paper investigates whether factors identified in the theoretical and empirical literature explain the effectiveness of fiscal policy in responding to recessions. The results are informative about the fiscal response to recessions but provide only a partial explanation of the impact of fiscal policy on economic activity. Overall, it would appear that fiscal multipliers are very small.
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Series: |
Working Paper No. 02/87 |
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Subject(s): |
Economic recession | Developed countries | Fiscal policy |
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Author's keyword(s): |
Recessions
| fiscal response
| economic activity
| fiscal multipliers
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Published: |
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May 1, 2002 |
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ISBN/ISSN: |
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1934-7073 |
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Format: |
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Paper |
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Stock No: |
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WPIEA0872002 |
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Pages: |
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24 |
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Price: |
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US$15.00
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Price Delivery Note: |
Prepayment required for individual copies. An annual subscription is $375.00 a year. It includes 12 monthly shipments and priority mail delivery. The Stock No. for the subscription is WPEA. |
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