The Effect of the Expansionary Fiscal Policies on Economic Growth in OECD Countries
Although monetary and fiscal policies are discussed in different economic approaches, the main discussion is focused on fiscal policy. Because while the central bank leads the monetary policy independently with its own policy goals and tools, the government leads the fiscal policy via budget as a ba...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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International Public Finance Conference/Turkey
2019-07-01
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| Series: | International Journal of Public Finance |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/download/article-file/773537 |
| Summary: | Although monetary and fiscal policies are discussed in different economic approaches, the main discussion is focused on fiscal policy. Because while the central bank leads the monetary policy independently with its own policy goals and tools, the government leads the fiscal policy via budget as a basic tool of the economic policy.
In this study, we analyze the relationship between economic growth and fiscal impulse which is used to measure changes in public budget impacts by using the panel data analysis with fixed effects in 33 OECD countries. We use the International Monetary Fund and World Bank data. According to the results; the expansionary effect of fiscal policies has no effect on economic growth between the period of 2011 – 2017. |
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| ISSN: | 2548-0499 2548-0499 |