The Effects of Discretionary Fiscal Policy on Macroeconomic Aggregates: A Reappraisal

Shafik Hebous

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: Macroeconomic Policy; Fiscal Policy; Multipliers; Fiscal Stimulus; VAR (search for similar items in EconPapers)
JEL-codes: E62 H6 (search for similar items in EconPapers)
Date: 2009-07, Revised 2010-06
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Related works:
Journal Article: THE EFFECTS OF DISCRETIONARY FISCAL POLICY ON MACROECONOMIC AGGREGATES: A REAPPRAISAL (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:23300

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