01784cas a2200265 a 4500 AALejournalIMF013222 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475565829 1018-5941 BD-DhAAL BD-DhAAL Baum, Anja. Fiscal Multipliers and the State of the Economy / Anja Baum, Marcos Poplawski Ribeiro, Anke Weber. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (31 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 Only a few empirical studies have analyzed the relationship between fiscal multipliers and the underlying state of the economy. This paper investigates this link on a country-by-country basis for the G7 economies (excluding Italy). Our results show that fiscal multipliers differ across countries, calling for a tailored use of fiscal policy. Moreover, the position in the business cycle affects the impact of fiscal policy on output: on average, government spending, and revenue multipliers tend to be larger in downturns than in expansions. This asymmetry has implications for the choice between an upfront fiscal adjustment versus a more gradual approach. Mode of access: Internet Poplawski Ribeiro, Marcos. Weber, Anke. IMF Working Papers; Working Paper ; No. 2012/286 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/286/001.2012.issue-286-en.xml IMF e-Library