IDEAS home Printed from https://ideas.repec.org/a/mcb/jmoncb/v22y1990i3p288-304.html
   My bibliography  Save this article

New Results in Support of the Fiscal Policy Ineffectiveness Proposition

Author

Listed:
  • Glick, Reuven
  • Hutchison, Michael

Abstract

The authors demonstrate that previous tests of money and fiscal policy ineffectiveness are likely to be biased because they ignore interaction effects between policies. The authors' empirical analysis of U.S. experience supports the short-run ineffectiveness of anticipated and unanticipated fiscal policy, in contrast to other empirical research, but, similarly to most other studies, rejects the short-run neutrality of anticipated money. However, they find that in the longer run all policies--either anticipated or unanticipated--have had neutral effects on U.S. output growth. Copyright 1990 by Ohio State University Press.

Suggested Citation

  • Glick, Reuven & Hutchison, Michael, 1990. "New Results in Support of the Fiscal Policy Ineffectiveness Proposition," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 22(3), pages 288-304, August.
    • Handle: RePEc:mcb:jmoncb:v:22:y:1990:i:3:p:288-304
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0022-2879%28199008%2922%3A3%3C288%3ANRISOT%3E2.0.CO%3B2-Z&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Devadoss, Stephen, 1994. "Sluggish Price Adjustments And The Effectiveness Of Aggregate Demand Policies At The Sectoral Level," A.E. Research Series 305122, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    2. Chesang, Laban K. & Naraidoo, Ruthira, 2016. "Parameter uncertainty and inflation dynamics in a model with asymmetric central bank preferences," Economic Modelling, Elsevier, vol. 56(C), pages 1-10.
    3. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875, October.
    4. Schclarek, Alfredo, 2007. "Fiscal policy and private consumption in industrial and developing countries," Journal of Macroeconomics, Elsevier, vol. 29(4), pages 912-939, December.
    5. Michael A. Conte & Ali F. Darrat, 1993. "Testing Alternative Views Of Government Budgeting," Review of Financial Economics, John Wiley & Sons, vol. 3(1), pages 19-40, September.
    6. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mcb:jmoncb:v:22:y:1990:i:3:p:288-304. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley-Blackwell Digital Licensing or Christopher F. Baum (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.