Publication
Oct 2002
This paper studies the effects of fiscal policy on gross domestic product (GDP), prices and interest rates in five OECD countries. The report finds that the effects of fiscal policy on GDP tend to be small and have become substantially weaker over time. It also concludes that government spending has small but positive effects on the price level and that government spending shocks have significant effects on the nominal and real short interest rate.
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English (PDF, 54 pages, 645 KB) |
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Author | Roberto Perotti |
Series | CEPS Working Documents |
Issue | 190 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2002 Centre for European Policy Studies (CEPS) |