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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Chi tiết về thư mục
Tác giả chính: Choi, Woon
Tác giả khác: Devereux, Michael
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2005.
Loạt:IMF Working Papers; Working Paper ; No. 2005/007
Truy cập trực tuyến:Full text available on IMF

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