THE EFFECTS OF DISCRETIONARY FISCAL POLICY ON MACROECONOMIC AGGREGATES: A REAPPRAISAL

被引：53
|
作者：
Hebous, Shafik [1 ]
机构：
[1] Goethe Univ Frankfurt, D-6000 Frankfurt, Germany
来源：
JOURNAL OF ECONOMIC SURVEYS | 2011年 / 25卷 / 04期
关键词：
Fiscal policy; Fiscal stimulus; Macroeconomic policy; Multipliers; VAR; REAL EXCHANGE-RATE; PRIVATE CONSUMPTION; BUDGET DEFICITS; TRADE BALANCE; MONETARY; SHOCKS; DYNAMICS; DEMAND; TAXES; MODEL;
D O I：
10.1111/j.1467-6419.2010.00659.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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 paper surveys the theoretical predictions and recent empirical vector autoregression evidence on the short-run effects of discretionary fiscal policy on macroeconomic aggregates.
引用
收藏
页码：674 / 707
页数：34
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