000245062 001__ 245062
000245062 005__ 20180123005103.0
000245062 037__ $$a1232-2016-101174
000245062 037__ $$a1232-2016-101325
000245062 041__ $$aen_US
000245062 084__ $$aE62
000245062 084__ $$aH30
000245062 245__ $$aThe effects of discretionary fiscal policy on macroeconomic aggregates
000245062 260__ $$c2013-04
000245062 269__ $$a2013-04
000245062 300__ $$a8
000245062 336__ $$aJournal Article
000245062 520__ $$aThe evidence on the practice and effects of discretionary fiscal policy, particularly in the context of recent efforts to stimulate the economy, is reviewed where two main conclusions are drawn. First, policy interventions have increased in this decade pre-dating the 2009 stimulus. Second, despite huge economic literature on the topic, the state of theory and evidence is not as "shovel ready" as one would like. Although consumption and investment clearly respond to tax incentives and structural vector auto-regressions show that lower taxes and higher government purchases can boost output, it is difficult to apply the findings in the current context, in part because multipliers and policy lags are likely to vary with economic conditions. This paper considers theoretical predictions and recent empirical Vector Autoregression (VAR) evidence on the short-run effects of discretionary fiscal policy on macroeconomic aggregates.
000245062 542__ $$fLicense granted by Mallory Pagel (pagel107@umn.edu) on 2016-09-20T20:06:25Z (GMT):

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000245062 650__ $$aAgribusiness
000245062 6531_ $$aMacroeconomic models
000245062 6531_ $$aVAR
000245062 6531_ $$afiscal policy
000245062 6531_ $$amacroeconomic aggregates
000245062 6531_ $$areal business cycles theory
000245062 700__ $$aGaber, Stevan
000245062 700__ $$aGruevski, Ilija
000245062 700__ $$aGaber, Vasilka
000245062 773__ $$dApril 2013$$jVolume 09$$kIssue 1$$o39$$q32$$tBusiness and Economic Horizons (BEH)
000245062 773__ $$tBusiness and Economic Horizons (BEH)
000245062 8564_ $$s492267$$uhttps://ageconsearch.umn.edu/record/245062/files/201607040624_04_BEH_Vol9_Issue1_2013_Gaber_et_al_Effects_discretionary_fiscal_policy_macroeconomic_aggregates_pp.32-39.pdf
000245062 887__ $$ahttp://purl.umn.edu/245062
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  Previous issue date: 2013-04
000245062 982__ $$gBusiness and Economic Horizons>Volume 09, Issue 1, April 2013
000245062 980__ $$a1232