Series: IMF Working Papers
Author(s): Selma Mahfouz , Richard Hemming , and Michael Kell
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2002
Keywords: economic activity, fiscal multipliers, government spending, expansionary fiscal contractions, expenditure, fiscal contraction, Fiscal Policies and Behavior of Economic Agents: General,
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., th...