Series: IMF Working Papers
Author(s): Axel Schimmelpfennig , Selma Mahfouz , and Richard Hemming
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2002
Keywords: fiscal response, economic activity, fiscal multipliers, recession, fiscal expansions, fiscal contractions, Studies of Particular Policy Episodes, Fiscal Policies and Behavior of Economic Agents: General,
Using data for advanced economies, this paper investigates whether factors identified in the theoretical and empirical literature explain the effectiveness of fiscal policy in responding to recessions. The results...