Demand-Side Stabilization Policies
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 other hand, higher variability of monetary shocks results, on average, in an increase in inflation and a decline in output growth. These results indicate the desirability of avoiding large fluctuations over time in either government spending or the money supply.
If you experience problems downloading a file, check if you have the
view it first. In case of further problems read
the IDEAS help
. Note that these files are not
on the IDEAS
site. Please be patient as the files may be large.
Paper provided by International Monetary Fund in its series IMF Working Papers
Date of creation:
01 Dec 2000Date of revision:
Contact details of provider:
Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
Web page: http://www.imf.org/external/pubind.htm
More information through EDIRC
Related researchKeywords: Stabilization programs
; Economic models
; government spending
; aggregate demand
; government spending shocks
; private consumption
; nondurable goods
; budget deficit
; fiscal policy
; consumption expenditures
; fiscal policies
; personal consumption
; fiscal expansion
; tax liability
; aggregate supply
; budget deficits
; gross domestic product
; public debt
; fiscal contractions
; tax revenues
; level of public spending
; consumption expenditure
; consumption of durable goods
; government budget
; public spending
; expansionary fiscal contractions
; expansionary fiscal
; tax collection
; fiscal multipliers
; business cycles
; tax reduction
; fiscal spending
; investment demand
; consumption spending
; disposable income
; fiscal tools
; fiscal prudence
; fiscal contraction
; national income
; government purchases
ReferencesNo references listed on IDEAS
You can help add them by filling out this form
Citations are extracted by the CitEc Project
, subscribe to its RSS feed
for this item.
- Joshua E. Greene & Magda E. Kandil, 2002.
"The Impact of Cyclical Factorson the U.S. Balance of Payments,"
IMF Working Papers
02/45, International Monetary Fund.
This item is not listed on Wikipedia, on a reading list
or among the top items
StatisticsAccess and download statistics
When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:00/197. See general information
about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow) or (Hassan Zaidi).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.