|
|
|
|
| LEADER |
01783cas a2200265 a 4500 |
| 001 |
AALejournalIMF005772 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781451872538
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Muller, Gernot.
|
| 245 |
1 |
0 |
|a Fiscal Stimulus with Spending Reversals /
|c Gernot Muller, Giancarlo Corsetti, Andre Meier.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2009.
|
| 300 |
|
|
|a 1 online resource (39 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a 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 spending under a plausible debt-stabilizing policy that links current stimulus to a subsequent period of spending restraint. Accounting for such spending reversals brings an otherwise standard new Keynesian model in line with the stylized facts of fiscal transmission, including the crowding-in of consumption and the 'puzzle' of real exchange rate depreciation. Time series evidence for the U.S. supports the empirical relevance of spending reversals.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Corsetti, Giancarlo.
|
| 700 |
1 |
|
|a Meier, Andre.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2009/106
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2009/106/001.2009.issue-106-en.xml
|z IMF e-Library
|