 | The Effectiveness of Fiscal Policy in Stimulating Economic Activity : A Review of the Literature Author/Editor: Selma Mahfouz, Richard Hemming, Michael Kell. Release Date:December, 2002 This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn more...
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| Fiscal Policy and Economic Activity During Recessions in Advanced Economies Author/Editor: Axel Schimmelpfennig, Selma Mahfouz, Richard Hemming. Release Date:May, 2002 Using data for advanced economies, this paper investigates whether factors identified in the theoretical and empirical literature explain the effectiveness of fiscal policy in responding to more...
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