01659cas a2200241 a 4500 AALejournalIMF001434 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451860009 1018-5941 BD-DhAAL BD-DhAAL Kandil, Magda. Demand-Side Stabilization Policies : What is the Evidence of their Potential? / Magda Kandil. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Using disaggregated data for the United States, this paper explores the effects of the variability of fiscal and monetary policy shocks. Higher variability of government spending shocks around a steady-state growth trend results, on average, in a decline in aggregate demand growth and inflation, with limited effects on output growth. On the other hand, higher variability of monetary shocks results, on average, in an increase in inflation and a decline in output growth. These results indicate the desirability of avoiding large fluctuations over time in either government spending or the money supply. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/197 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/197/001.2000.issue-197-en.xml IMF e-Library