Series: IMF Working Papers
Author(s): Ali Alichi , Ippei Shibata , and Kadir Tanyeri
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 March 2019
Keywords: Business cycles, Real interest rates, Exchange rate depreciation, Government consumption, Public investments, Government Spending, Fiscal Policy, Fiscal Multipliers., WEO, government investment
Government debt in many small states has risen beyond sustainable levels and some governments are considering fiscal consolidation. This paper estimates fiscal policy multipliers for small states using two distinct...