01590cas a2200265 a 4500 AALejournalIMF001967 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851038 1018-5941 BD-DhAAL BD-DhAAL Schimmelpfennig, Axel. Fiscal Policy and Economic Activity During Recessions in Advanced Economies / Axel Schimmelpfennig, Selma Mahfouz, Richard Hemming. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (24 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 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. Mode of access: Internet Hemming, Richard. Mahfouz, Selma. IMF Working Papers; Working Paper ; No. 2002/087 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/087/001.2002.issue-087-en.xml IMF e-Library