Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria »
Series: IMF Working Papers
Author(s): Maria Elkhdari , Moez Souissi , and Andrew Jewell
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 31 May 2018
Keywords: Algeria, Middle East, Fiscal policy; State-dependent multipliers; Output gap; Spending direction; Algeria; Structural Vector Autoregressive Model; Local Projection Methodology, Fiscal policy, State-dependent multipliers, Output gap, Spending direction, Structural Vector Autoregressive Model, Local Projection Methodology, Model Construction and Estimation
At a time when Algeria must undertake considerable fiscal consolidation to restore sustainability, the issue of fiscal multipliers has come to the fore. This paper estimates short-term and long-term fiscal multipli...