Fiscal Policy and Economic Activity During Recessions in Advanced Economies /

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 exp...

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Bibliographic Details
Main Author: Schimmelpfennig, Axel
Other Authors: Hemming, Richard, Mahfouz, Selma
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2002.
Series:IMF Working Papers; Working Paper ; No. 2002/087
Online Access:Full text available on IMF
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245 1 0 |a Fiscal Policy and Economic Activity During Recessions in Advanced Economies /  |c Axel Schimmelpfennig, Selma Mahfouz, Richard Hemming. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2002. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Hemming, Richard. 
700 1 |a Mahfouz, Selma. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/087 
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