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Fiscal Stimulus with Spending Reversals

Fiscal Stimulus with Spending Reversals »

Source: Fiscal Stimulus with Spending Reversals

Volume/Issue: 2009/106

Series: IMF Working Papers

Author(s): Gernot Müller , Giancarlo Corsetti , and Andre Meier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2009

ISBN: 9781451872538

Keywords: real exchange rate, government spending, government spending shocks, private consumption,

The impact of fiscal stimulus depends not only on short-term tax and spending policies, but also on expectations about offsetting measures in the future. This paper analyzes the effects of an increase in government...

Fiscal Policy and Lending Relationships

Fiscal Policy and Lending Relationships »

Source: Fiscal Policy and Lending Relationships

Volume/Issue: 2013/141

Series: IMF Working Papers

Author(s): Giovanni Melina , and Stefania Villa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2013

ISBN: 9781484380277

Keywords: deep habits, lending relationships, government spending, fiscal stimulus, government spending shocks, budget constraint,

This paper studies how fiscal policy affects loan market conditions in the US. First, it conducts a Structural Vector-Autoregression analysis showing that the bank spread responds negatively to an expansionary gove...

Demand-Side Stabilization Policies

Demand-Side Stabilization Policies »

Source: Demand-Side Stabilization Policies : What is the Evidence of their Potential?

Volume/Issue: 2000/197

Series: IMF Working Papers

Author(s): Magda Kandil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2000

ISBN: 9781451860009

Keywords: asymmetric fluctuations, government spending, aggregate demand, government spending shocks, private consumption, nondurable goods

Using disaggregated data for the United States, this paper explores the effects of the variability of fiscal and monetary policy shocks. Higher variability of government spending shocks around a steady-state growth...

Stochastic Trends, Debt Sustainability and Fiscal Policy

Stochastic Trends, Debt Sustainability and Fiscal Policy »

Source: Stochastic Trends, Debt Sustainability and Fiscal Policy

Volume/Issue: 2016/59

Series: IMF Working Papers

Author(s): Karim Barhoumi , Reda Cherif , and Nooman Rebei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2016

ISBN: 9781513574677

Keywords: Cyclicality, debt, future, government spending, permanent shocks, General, All Countries,

We study empirically the reaction of fiscal policy to changes in the permanent and transitory components of GDP in a panel of countries. We find evidence that government spending tends to be counter-cyclical condit...

Fiscal Policy and the Real Exchange Rate

Fiscal Policy and the Real Exchange Rate »

Source: Fiscal Policy and the Real Exchange Rate

Volume/Issue: 2012/52

Series: IMF Working Papers

Author(s): Santanu Chatterjee , and Azer Mursagulov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463937133

Keywords: real exchange rate, intersectoral adjustment costs, exchange rate, government spending, government spending shocks, Macroeconomic Aspects Of International Trade And Finance, National Government Expenditures And Related Policies,

Government spending on infrastructure has recently increased sharply in many emerging-market economies. This paper examines the mechanism through which public infrastructure spending affects the dynamics of the rea...

The Growth and Stabilization Properties of Fiscal Policy in Malaysia

The Growth and Stabilization Properties of Fiscal Policy in Malaysia »

Source: The Growth and Stabilization Properties of Fiscal Policy in Malaysia

Volume/Issue: 2013/149

Series: IMF Working Papers

Author(s): Sohrab Rafiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2013

ISBN: 9781484337912

Keywords: Stabilization, Multipliers, Time-variation, government spending, fiscal multipliers, fiscal stimulus, government spending shocks, Monetary Policy (Targets, Instruments, and Effects)

This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government spending shock leads to broad positive economic effects. Although, the effectiveness of fiscal...

Does Government Spending Crowd In Private Consumption? Theory and Empirical Evidence for the Euro Area

Does Government Spending Crowd In Private Consumption? Theory and Empirical Evidence for the Euro Area »

Source: Does Government Spending Crowd In Private Consumption? Theory and Empirical Evidence for the Euro Area

Volume/Issue: 2005/159

Series: IMF Working Papers

Author(s): Günter Coenen , and Roland Straub

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2005

ISBN: 9781451861785

Keywords: non-Ricardian households, DSGE modeling, government spending, government spending shocks, aggregate consumption, DSGE modelling, Macroeconomic - Aspects of Public Finance, Macroeconomic Policy, and General Outlook,

In this paper, we revisit the effects of government spending shocks on private consumption within an estimated New-Keynesian DSGE model of the euro area featuring non-Ricardian households. Employing Bayesian infere...

Public Spending Management and Macroeconomic Interdependence

Public Spending Management and Macroeconomic Interdependence »

Source: Public Spending Management and Macroeconomic Interdependence

Volume/Issue: 2004/102

Series: IMF Working Papers

Author(s): Giovanni Ganelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

ISBN: 9781451852646

Keywords: Public competition policies, NOEM, macroeconomic interdependence, fiscal shock, competition policies, public spending, elasticity of substitution, Open Economy Macroeconomics, Structure, Scope

This paper studies, in the context of a New Open Economy Macroeconomics (NOEM) model, the effects of "public competition policies" aimed at improving the efficiency of public spending. Such measures are modeled as...

Successful Austerity in the United States, Europe and Japan1

Successful Austerity in the United States, Europe and Japan1 »

Source: Successful Austerity in the United States, Europe and Japan

Volume/Issue: 2012/190

Series: IMF Working Papers

Author(s): Giovanni Callegari , Giovanni Melina , and Nicoletta Batini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2012

ISBN: 9781475505382

Keywords: fiscal multipliers, growth-friendly fiscal policy, government spending, fiscal shocks, Open Economy Macroeconomics, Fiscal Policies and Behavior of Economic Agents: General,

The output effects of 2009 fiscal expansions have been hotly debated. But the discussion of fiscal multipliers is even more relevant now that several European countries have had to quickly retract their stimulus me...

Fiscal Stimulus with Spending Reversals

Fiscal Stimulus with Spending Reversals »

Volume/Issue: 2009/106

Series: IMF Working Papers

Author(s): Gernot Müller , Giancarlo Corsetti , and Andre Meier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2009

DOI: http://dx.doi.org/10.5089/9781451872538.001

ISBN: 9781451872538

Keywords: real exchange rate, government spending, government spending shocks, private consumption,

The impact of fiscal stimulus depends not only on short-term tax and spending policies, but also on expectations about offsetting measures in the future. This paper analyzes the effects of an increase in government...