Effects of Fiscal Stimulus in Structural Models

Released on by Mr.Michael Kumhof
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  • Effects of Fiscal Stimulus in Structural Models Book Detail

  • Author : Mr.Michael Kumhof
  • Release Date : 2010-03-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 123
  • ISBN 13 : 145198216X
  • File Size : 65,65 MB
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Effects of Fiscal Stimulus in Structural Models by Mr.Michael Kumhof PDF Summary

Book Description: 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.

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Why Fiscal Stimulus Programs Fail, Volume 2

Why Fiscal Stimulus Programs Fail, Volume 2

File Size : 52,52 MB
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This book scientifically tests the assertion that accommodative monetary policy can eliminate the “crowd out” problem, allowing fiscal stimulus programs (su