Why fiscal stimulus is likely to work

International Finance

Volumn 12, Issue 1, 2009, Pages 57-73

  Fatás, Antonio ^a   Mihov, Ilian ^b  

^a INSEAD   (France)

^b INSEAD   (Singapore)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 65449161694     PISSN: 13670271     EISSN: 14682362     Source Type: Journal    
DOI: 10.1111/j.1468-2362.2009.01235.x     Document Type: Review

References (21)

1. Auerbach, A., and W. Gale (2009), 'The Economic Crisis and the Fiscal Crisis', Manuscript.
2. Barro, R. (2009), 'Government Spending Is No Free Lunch', Wall Street Journal, 27 January.
3. Baxter, M., and R. King (1993), 'Fiscal Policy in General Equilibrium', American Economic Review, 83(3), 315-34.
4. Blanchard, O., and R. Perotti (2002), 'An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output', Quarterly Journal of Economics, 107(4), 1329-68.
5. Beetsma, R. (2008), 'A Survey of the Effects of Discretionary Fiscal Policy', Manuscript, University of Amsterdam.
6. Burnside, C., M. Eichenbaum and J. Fisher (2004), 'Assessing the Effects of Fiscal Shocks', Journal of Economic Theory, 115(1), 89-117.
7. Fatás, A., and I. Mihov (2001), 'The Effect of Government Spending on Consumption and Employment: Theory and Evidence', Manuscript, INSEAD.
8. Fatás, A., and I. Mihov (2003), 'The Case for Restricting Fiscal Policy Discretion', Quarterly Journal of Economics, 118(3), 1419-47.
9. Fatás, A., A. H. Hallet, A. Sibert, R. Strauch and J. von Hagen (2003), 'Stability and Growth in Europe: Towards a Better Pact', Monitoring European Integration, CEPR Monitoring European Integration Series, No. 13. London: CEPR.
10. IMF (2004), 'Advancing Structural Reforms', Chapter 2 in World Economic Outlook. Washingtion, DC: IMF.
11. IMF (2008), 'Fiscal Policy as a Countercyclical Tool', Chapter 5 in World Economic Outlook. Washingtion, DC: IMF.
12. Kuttner, K., and A. Posen (2002), 'Passive Savers and Fiscal Policy Effectiveness in Japan', Manuscript.
13. Moody's Economy.com (2009), 'Unemployment Rate With and Without a Fiscal Stimulus', graph posted on the website.
14. Ramey, V. (2008), 'Identifying Government Spending Shocks: It's All in the Timing', Manuscript.
15. Ramey, V., and M. Shapiro (1998), 'Costly Capital Reallocation and the Effects of Government Spending', Carnegie Rochester Conference on Public Policy, 48, 145-94.
16. Romer, C., and J. Bernstein (2008), The Job Impact of the American Recovery and Reinvestment Plan. Washingtion, DC: Council of Economic Advisors.
17. Romer, C., and D. Romer (2008), 'The Macroeconomic Effects of Tax Changes: Estimates based on a New Measure of Fiscal Shocks', Manuscript, University of California, Berkeley.
18. Spilimbergo, A., S. Symansky, O. Blanchard and C. Cottarelli (2008), 'Fiscal Policy for the Crisis', IMF Staff Position Note 08/01.
19. Time Magazine (1933), 'Prelude to Power', 27 February.
20. von Hagen, J., and I. Harden (1994), 'National Budget Processes and Fiscal Performance', European Economy. Reports and Studies, 3, 311-418.
21. Wyplosz, C. (2005), 'Fiscal Policy: Institutions versus Rules', National Institute Economic Review, 191 (January), 70-84.