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

  1. Shafik Hebous

Article first published online: 29 DEC 2010

DOI: 10.1111/j.1467-6419.2010.00659.x

Issue

Journal of Economic Surveys

Journal of Economic Surveys

Volume 25, Issue 4, pages 674–707, September 2011

Additional Information

How to Cite

Hebous, S. (2011), THE EFFECTS OF DISCRETIONARY FISCAL POLICY ON MACROECONOMIC AGGREGATES: A REAPPRAISAL. Journal of Economic Surveys, 25: 674–707. doi: 10.1111/j.1467-6419.2010.00659.x

Author Information

  1. Goethe University Frankfurt

*Acknowledgement I thank Christophe André, Michael P. Devereux, Alfons Weichenrieder, Tom Zimmermann and two anonymous referees for helpful suggestions and comments. The usual disclaimer applies.

Publication History

  1. Issue published online: 21 JUL 2011
  2. Article first published online: 29 DEC 2010

SEARCH

SEARCH BY CITATION

ARTICLE TOOLS

View Full Article (HTML) Get PDF (198K)

Keywords:

  • Fiscal policy;
  • Fiscal stimulus;
  • Macroeconomic policy;
  • Multipliers;
  • VAR

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 paper surveys the theoretical predictions and recent empirical vector autoregression evidence on the short-run effects of discretionary fiscal policy on macroeconomic aggregates.

View Full Article (HTML) Get PDF (198K)