Demand-Side Stabilization Policies : What is the Evidence of their Potential?

What is the Evidence of their Potential?

Demand-Side Stabilization Policies : What is the Evidence of their Potential?
Using disaggregated data for the United States, this paper explores the effects of the variability of fiscal and monetary policy shocks. Higher variability of government spending shocks around a steady-state growth trend results, on average, in a decline in aggregate demand growth and inflation, with limited effects on output growth. On the... READ MORE...

Publication date: December 2000
ISBN 9781451860009
$15.00

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