Fiscal Policy Public Debt And The Term Structure Of Interest Rates A Stochastic General Equilibrium Macroeconomic Analysis In Continuous Time

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The Effectiveness of Fiscal Policy in Stimulating Economic Activity

Author	: Richard Hemming
Publisher	: International Monetary Fund
Total Pages	: 62
Release	: 2002-12
ISBN-10	: UCSD:31822032179210
ISBN-13	:
Rating	: 4/5 ( Downloads)

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Book Synopsis The Effectiveness of Fiscal Policy in Stimulating Economic Activity by : Richard Hemming

Download or read book The Effectiveness of Fiscal Policy in Stimulating Economic Activity written by Richard Hemming and published by International Monetary Fund. This book was released on 2002-12 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.

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