The Effectiveness of Fiscal Policy in Stimulating Economic Activity

Released on by Richard Hemming
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  • The Effectiveness of Fiscal Policy in Stimulating Economic Activity Book Detail

  • Author : Richard Hemming
  • Release Date : 2002-12
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 62
  • ISBN 13 :
  • File Size : 58,58 MB
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The Effectiveness of Fiscal Policy in Stimulating Economic Activity by Richard Hemming PDF Summary

Book Description: 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.

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Fiscal Policy and Long-Term Growth

Fiscal Policy and Long-Term Growth

File Size : 35,35 MB
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This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth a