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Fiscal stimulus to the rescue? : short-run benefits and potential long-run costs of fiscal deficits

Freedman, Charles; Kumhof, Michael; Laxton, Douglas; … - 2009

Persistent link: https://www.econbiz.de/10003920470

Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits

Kumhof, Michael - 2009

This paper uses the IMF's Global Integrated Monetary and Fiscal Model to compute shortrun multipliers of fiscal stimulus measures and long-run crowding-out effects of higher debt. Multipliers of two-year stimulus range from 0.2 to 2.2 depending on the fiscal instrument, the extent of monetary...

Persistent link: https://www.econbiz.de/10013153762

Fiscal Stimulus to the Rescue? : Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits

Laxton, Douglas - 2009

This paper uses the IMF''s Global Integrated Monetary and Fiscal Model to compute shortrun multipliers of fiscal stimulus measures and long-run crowding-out effects of higher debt. Multipliers of two-year stimulus range from 0.2 to 2.2 depending on the fiscal instrument, the extent of monetary...

Persistent link: https://www.econbiz.de/10014402228

Asymmetry in the US output-inflation nexus : issues and evidence

Clark, Peter B. - 1995

Persistent link: https://www.econbiz.de/10000553927

The macroeconomic costs and benefits of adopting the euro

Karam, Philippe; Laxton, Douglas; Rose, David; … - In: IMF staff papers 55 (2008) 2, pp. 339-355

Persistent link: https://www.econbiz.de/10003731345

Developing a structured forecasting and policy analysis system to support Inflation-Forecast-Targeting (IFT)

Laxton, Douglas; Rose, David; Scott, Alasdair - 2009

Persistent link: https://www.econbiz.de/10003870819

Measures of potential output from an estimated DSGE model of the United States

Juillard, Michel; Kameník, Ondřej; Kumhof, Michael; … - 2006

Persistent link: https://www.econbiz.de/10003589322

A simple multivariate filter for estimating potential output

Blagrave, Patrick; Garcia-Saltos, Roberto; Laxton, Douglas - 2015

Persistent link: https://www.econbiz.de/10011281619

Capacity constraints, inflation and the transmission mechanism : forward-looking versus myopic policy rules

Clark, Peter B. - 1995

Persistent link: https://www.econbiz.de/10000919597

Asymmetry in the U.S. Output-Inflation Nexus : Issues and Evidence

Laxton, Douglas - 2006

.S. output-inflation process, which implies that excess demand conditions are much more inflationary than excess supply … overheats because this will necessitate a severe tightening in monetary conditions in order to reestablish inflation control …. The small model of the U.S. output-inflation process developed in the paper shows that the seeds of large recessions, such …

Persistent link: https://www.econbiz.de/10012781883