Asymmetric Effects of Government Spending : Does the Level of Real Interest Rates Matter? /
This paper empirically explores how fiscal policy (represented by increases in government spending) has asymmetric effects on economic activity at different levels of real interest rates. It suggests that the effect of fiscal policy depends on the level of real rates, since the Ricardian effect is s...
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| Format: | Revija |
| Jezik: | English |
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Washington, D.C. :
International Monetary Fund,
2005.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2005/007 |
| Online dostop: | Full text available on IMF |