01544cas a2200241 a 4500 AALejournalIMF008109 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451814163 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. United Kingdom : Selected Issues. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (74 pages) IMF Staff Country Reports <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 This Selected Issues paper examines from an empirical standpoint the impact of fiscal aggregates on the evolution of output and the real effective exchange rate in the United Kingdom from the late 1970s to the present. It finds that the size of the dynamic fiscal multipliers is small, and often statistically nonsignificant. The paper also finds that the direction of the impact of taxes and government consumption, but not of social transfers, is, if anything, the reverse of that predicted by standard Keynesian models. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2002/046 Full text available on IMF http://elibrary.imf.org/view/journals/002/2002/046/002.2002.issue-046-en.xml IMF e-Library