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The Case for Global Fiscal Stimulus


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  • Jaewoo Lee
  • Douglas Laxton
  • Michael Kumhof
  • Charles Freedman


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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Staff Position Notes with number 2009/03.

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Length: 27
Date of creation: 06 Mar 2009
Date of revision:
Handle: RePEc:imf:imfspn:2009/03

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Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
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Keywords: Economic growth; Economic models; Financial sector; Spillovers; Stabilization measures; fiscal stimulus; inflation; monetary policy; real interest rates; fiscal actions; aggregate demand; fiscal policy; fiscal multipliers; fiscal instruments; tax cuts; fiscal action; fiscal expansion; fiscal discipline; expansionary fiscal; fiscal instrument; fiscal multiplier; fiscal deficits; government spending; fiscal space; fiscal authorities; fiscal consolidation; nominal interest rates; fiscal policy actions; real interest rate; public debt; reduction in tax; public finances; fiscal policy rules; taxes on labor; fiscal measures; fiscal deficit; tax rates; inflationary pressures; inflation rates; increase in inflation; fiscal rules; fiscal model; budget deficits; expansionary fiscal policy; fiscal package; tax cut; fiscal balances; medium-term fiscal frameworks; fiscal stance; debt service; fiscal policies; fiscal affairs department; real output; government deficit; fiscal surplus; inflationary impact; tax income; coefficient on inflation; government expenditures; high inflation; expansionary fiscal policies; expansionary fiscal contraction; fiscal measure; tax rebates; tax changes; structural fiscal; fiscal frameworks; debt obligations; inflation target; fiscal sustainability; discretionary fiscal stimulus; monetary economics; fiscal positions; actual inflation; tax rebates on consumer spending; fiscal contractions; fiscal impulse; budget deficit; inflation rate; fiscal response; fiscal balance; fiscal contraction; fiscal pressures; fiscal problems; fiscal issues; fiscal expansions; fiscal affairs; fiscal shocks; fiscal impulses;


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Cited by:
  1. Ippei Fujiwara & Kozo Ueda, 2012. "The Fiscal Multiplier and Spillover in a Global Liquidity Trap," CAMA Working Papers 2012-17, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  2. Magdalena RÄ‚DULESCU, 2011. "The Efficiency of the Fiscal Policy in the EU and Its Role in the Economic Recovery by Attracting FDIs," Journal of Knowledge Management, Economics and Information Technology,, vol. 1(7), pages 23, December.
  3. Kumhof, Michael & Laxton, Douglas, 2013. "Fiscal deficits and current account deficits," Journal of Economic Dynamics and Control, Elsevier, vol. 37(10), pages 2062-2082.


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