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|z 9781475565829
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|a 1018-5941
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|a Baum, Anja.
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|a Fiscal Multipliers and the State of the Economy /
|c Anja Baum, Marcos Poplawski Ribeiro, Anke Weber.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2012.
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|a 1 online resource (31 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Only a few empirical studies have analyzed the relationship between fiscal multipliers and the underlying state of the economy. This paper investigates this link on a country-by-country basis for the G7 economies (excluding Italy). Our results show that fiscal multipliers differ across countries, calling for a tailored use of fiscal policy. Moreover, the position in the business cycle affects the impact of fiscal policy on output: on average, government spending, and revenue multipliers tend to be larger in downturns than in expansions. This asymmetry has implications for the choice between an upfront fiscal adjustment versus a more gradual approach.
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|a Mode of access: Internet
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|a Poplawski Ribeiro, Marcos.
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|a Weber, Anke.
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|a IMF Working Papers; Working Paper ;
|v No. 2012/286
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2012/286/001.2012.issue-286-en.xml
|z IMF e-Library
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