Varieties of Fiscal Stimulus: A Conflicting Claims Analysis

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Varieties of Fiscal Stimulus: A Conflicting Claims Analysis

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Title: Varieties of Fiscal Stimulus: A Conflicting Claims Analysis
Author: Isaac, Alan G.
Abstract: This paper explores the effects of fiscal policy in a conflicting claims economy where monetary policy follows a Taylor rule. Fiscal stimulus is decomposed into distinct vari- eties, depending on whether the initial effect is primarily on consumption or investment. Policy type proves important for the understanding of growth, unemployment, and the distribution of income.
Description: 15 pages. This is the working paper version of "Varieties of Fiscal Stimulus," in Per Berglund and Matias Vernengo (eds) The Means to Prosperity: Fiscal Policy Reconsidered (Routledge: November 2005) ISBN: 0415701562 Please cite the published paper.
URI: http://hdl.handle.net/1961/5048
Date: 2004-02


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