Hebous, Shafik (2009): The Effects of Discretionary Fiscal Policy on Macroeconomic Aggregates: A Reappraisal.
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Fiscal stimuli to recover? A cascade of academic and layman-articles debate the effectiveness of fiscal policy in stimulating the economy backed up by different economic models and empirical support. This essay surveys the theoretical predictions and recent empirical Vector Autoregression (VAR) evidence on the short-run effects of discretionary fiscal policy on macroeconomic aggregates.
|Item Type:||MPRA Paper|
|Original Title:||The Effects of Discretionary Fiscal Policy on Macroeconomic Aggregates: A Reappraisal|
|Keywords:||Macroeconomic Policy, Fiscal Policy, Multipliers, Fiscal Stimulus, VAR|
|Subjects:||E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E62 - Fiscal Policy
H - Public Economics > H6 - National Budget, Deficit, and Debt
|Depositing User:||Hebous Shafik|
|Date Deposited:||14. Jun 2010 21:30|
|Last Modified:||12. Feb 2013 21:34|
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