Demand-Side Stabilization Policies: What is the Evidence of their Potential?
Using disaggregated data for the United States, this paper explores the effects of the variability of fiscal and monetary policy shocks. Higher variability of government spending shocks around a steady-state growth trend results, on average, in a decline in aggregate demand growth and inflation, wit...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2000
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Schriftenreihe: | IMF Working Papers
Working Paper No. 00/197 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Using disaggregated data for the United States, this paper explores the effects of the variability of fiscal and monetary policy shocks. Higher variability of government spending shocks around a steady-state growth trend results, on average, in a decline in aggregate demand growth and inflation, with limited effects on output growth. On the other hand, higher variability of monetary shocks results, on average, in an increase in inflation and a decline in output growth. These results indicate the desirability of avoiding large fluctuations over time in either government spending or the money supply |
Beschreibung: | 1 Online-Ressource (31 p) |
ISBN: | 1451860005 9781451860009 |
Internformat
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spelling | Kandil, Magda E. Verfasser aut Demand-Side Stabilization Policies What is the Evidence of their Potential? Kandil, Magda E Washington, D.C International Monetary Fund 2000 1 Online-Ressource (31 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 00/197 Using disaggregated data for the United States, this paper explores the effects of the variability of fiscal and monetary policy shocks. Higher variability of government spending shocks around a steady-state growth trend results, on average, in a decline in aggregate demand growth and inflation, with limited effects on output growth. On the other hand, higher variability of monetary shocks results, on average, in an increase in inflation and a decline in output growth. These results indicate the desirability of avoiding large fluctuations over time in either government spending or the money supply Online-Ausg http://elibrary.imf.org/view/IMF001/01597-9781451860009/01597-9781451860009/01597-9781451860009.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Kandil, Magda E. Demand-Side Stabilization Policies What is the Evidence of their Potential? |
title | Demand-Side Stabilization Policies What is the Evidence of their Potential? |
title_auth | Demand-Side Stabilization Policies What is the Evidence of their Potential? |
title_exact_search | Demand-Side Stabilization Policies What is the Evidence of their Potential? |
title_exact_search_txtP | Demand-Side Stabilization Policies What is the Evidence of their Potential? |
title_full | Demand-Side Stabilization Policies What is the Evidence of their Potential? Kandil, Magda E |
title_fullStr | Demand-Side Stabilization Policies What is the Evidence of their Potential? Kandil, Magda E |
title_full_unstemmed | Demand-Side Stabilization Policies What is the Evidence of their Potential? Kandil, Magda E |
title_short | Demand-Side Stabilization Policies |
title_sort | demand side stabilization policies what is the evidence of their potential |
title_sub | What is the Evidence of their Potential? |
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