This article surveys the empirical literature on the effects of discretionary fiscal policy on the German macroeconomy. Although the qualitative and quantitative effects of fiscal policy are often discussed among politicians and in the public, economists only recently renewed their interest in this topic and have produced only few empirical studies for Germany so far. While older macroeconometric models generally predict positive effects of expansionary policies on output in the short run, newer SVAR studies disagree on the direction of the expected effects. There is, however, some agreement that the effects are likely to be small. Copyright 2007 die Autoren Journal compilation 2007, Verein für Socialpolitik und Blackwell Publishing Ltd.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 8 (2007) Issue (Month): 4 (November) Pages: 293-308 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF