Verfügbarkeit: Effects of Fiscal Stimulus in Structural Models

Effects of Fiscal Stimulus in Structural Models:

The paper assesses, using seven structural models used heavily by policymaking institutions, the effectiveness of temporary fiscal stimulus. Models can, more easily than empirical studies, account for differences between fiscal instruments, for differences between structural characteristics of the e...

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1. Verfasser:	Kumhof, Michael (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2010
Schriftenreihe:	IMF Working Papers Working Paper No. 10/73
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	The paper assesses, using seven structural models used heavily by policymaking institutions, the effectiveness of temporary fiscal stimulus. Models can, more easily than empirical studies, account for differences between fiscal instruments, for differences between structural characteristics of the economy, and for monetary-fiscal policy interactions. Findings are: (i) There is substantial agreement across models on the sizes of fiscal multipliers. (ii) The sizes of spending and targeted transfers multipliers are large. (iii) Fiscal policy is most effective if it has some persistence and if monetary policy accommodates it. (iv) The perception of permanent fiscal stimulus leads to significantly lower initial multipliers
Beschreibung:	1 Online-Ressource (121 p)
ISBN:	145198216X 9781451982169

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id	DE-604.BV048349766
illustrated	Not Illustrated
index_date	2024-07-03T20:13:27Z
indexdate	2024-07-10T09:35:36Z
institution	BVB
isbn	145198216X 9781451982169
language	English
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-033729034
oclc_num	1337135697
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owner	DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM
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physical	1 Online-Ressource (121 p)
psigel	ZDB-1-IMF
publishDate	2010
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publisher	International Monetary Fund
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series2	IMF Working Papers
spelling	Kumhof, Michael Verfasser aut Effects of Fiscal Stimulus in Structural Models Kumhof, Michael Washington, D.C International Monetary Fund 2010 1 Online-Ressource (121 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/73 The paper assesses, using seven structural models used heavily by policymaking institutions, the effectiveness of temporary fiscal stimulus. Models can, more easily than empirical studies, account for differences between fiscal instruments, for differences between structural characteristics of the economy, and for monetary-fiscal policy interactions. Findings are: (i) There is substantial agreement across models on the sizes of fiscal multipliers. (ii) The sizes of spending and targeted transfers multipliers are large. (iii) Fiscal policy is most effective if it has some persistence and if monetary policy accommodates it. (iv) The perception of permanent fiscal stimulus leads to significantly lower initial multipliers Online-Ausg Coenen, Günter Sonstige oth Erceg, Christopher J. Sonstige oth Freedman, Charles Sonstige oth Furceri, Davide Sonstige oth Lalonde, René Sonstige oth Laxton, Douglas Sonstige oth Lindé, Jesper Sonstige oth Mourougane, Annabelle Sonstige oth Muir, Dirk Sonstige oth Mursula, Susanna Sonstige oth Resende, Carlos de Sonstige oth Roberts, John Sonstige oth Roeger, Werner Sonstige oth Snudden, Stephen Sonstige oth Trabandt, Mathias Sonstige oth Veld, Jan in 't Sonstige oth http://elibrary.imf.org/view/IMF001/10790-9781451982169/10790-9781451982169/10790-9781451982169.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Kumhof, Michael Effects of Fiscal Stimulus in Structural Models
title	Effects of Fiscal Stimulus in Structural Models
title_auth	Effects of Fiscal Stimulus in Structural Models
title_exact_search	Effects of Fiscal Stimulus in Structural Models
title_exact_search_txtP	Effects of Fiscal Stimulus in Structural Models
title_full	Effects of Fiscal Stimulus in Structural Models Kumhof, Michael
title_fullStr	Effects of Fiscal Stimulus in Structural Models Kumhof, Michael
title_full_unstemmed	Effects of Fiscal Stimulus in Structural Models Kumhof, Michael
title_short	Effects of Fiscal Stimulus in Structural Models
title_sort	effects of fiscal stimulus in structural models
url	http://elibrary.imf.org/view/IMF001/10790-9781451982169/10790-9781451982169/10790-9781451982169.xml
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