• Title of article

    Globaleffectsoffiscalstimulusduringthecrisis$

  • Author/Authors

    Charles Freedman، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2010
  • Pages
    21
  • From page
    506
  • To page
    526
  • Abstract
    The IMF’sGlobalIntegratedMonetaryandFiscalModelisusedtocomputeshort-run multipliersoffiscalstimulusmeasuresandlong-runcrowding-outeffectsofhigher debt.Multipliersoftwo-yearstimulusrangefrom0.2to2.2dependingonthefiscal instrument,theextentofmonetaryaccommodationandthepresenceofafinancial acceleratormechanism.Apermanent10percentagepointincreaseintheUSdebtto GDPratioraisestheUStaxburdenandworldrealinterestratesinthelongrun,thereby reducingUSandrestoftheworldoutputby0.3–0.6percentand0.2–0.3percent, respectively
  • Keywords
    Fiscal stimulusCrowding-outFinancial crisisNon-Ricardian householdsGovernment deficitsGovernment debtMacro-financial linkages
  • Journal title
    Journal of Monetary Economics
  • Serial Year
    2010
  • Journal title
    Journal of Monetary Economics
  • Record number

    846408

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=846408