01576cas a2200265 a 4500 AALejournalIMF008344 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451874716 1018-5941 BD-DhAAL BD-DhAAL Mahfouz, Selma. The Effectiveness of Fiscal Policy in Stimulating Economic Activity : A Review of the Literature / Selma Mahfouz, Richard Hemming, Michael Kell. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (52 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 This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers. Mode of access: Internet Hemming, Richard. Kell, Michael. IMF Working Papers; Working Paper ; No. 2002/208 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/208/001.2002.issue-208-en.xml IMF e-Library