01898cas a2200277 a 4500 AALejournalIMF006327 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451982169 1018-5941 BD-DhAAL BD-DhAAL Kumhof, Michael. Effects of Fiscal Stimulus in Structural Models / Michael Kumhof, Dirk Muir, Carlos de Resende, Jan in 't Veld. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (121 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 The paper assesses, using seven structural models used heavily by policymaking institutions, the effectiveness of temporary fiscal stimulus. Models can, more easily than empirical studies, account for differences between fiscal instruments, for differences between structural characteristics of the economy, and for monetary-fiscal policy interactions. Findings are: (i) There is substantial agreement across models on the sizes of fiscal multipliers. (ii) The sizes of spending and targeted transfers multipliers are large. (iii) Fiscal policy is most effective if it has some persistence and if monetary policy accommodates it. (iv) The perception of permanent fiscal stimulus leads to significantly lower initial multipliers. Mode of access: Internet Muir, Dirk. Resende, Carlos de. Veld, Jan in 't. IMF Working Papers; Working Paper ; No. 2010/073 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/073/001.2010.issue-073-en.xml IMF e-Library