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Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries

Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries »

Source: Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries

Volume: 15

Series: Technical Notes and Manuals

Author(s): Martin Cerisola , Chadi Abdallah , Victor Davies , and Mark Fischer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2015

ISBN: 9781498383905

Keywords: Fiscal policy, fiscal multipliers, fiscal, fiscal shocks, tax, multipliers, General, General

This note is a reference guide to the econometric work on fiscal multipliers for MENAP countries. Spending and tax multipliers are estimated from conventional VAR models and identified using a sign-restrictions app...

A Simple Method to Compute Fiscal Multipliers1

A Simple Method to Compute Fiscal Multipliers1 »

Source: A Simple Method to Compute Fiscal Multipliers

Volume/Issue: 2014/93

Series: IMF Working Papers

Author(s): Nicoletta Batini , Luc Eyraud , and Anke Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 June 2014

ISBN: 9781498357999

Keywords: fiscal multipliers, fiscal shocks, fiscal shock, fiscal measures, General,

Fiscal multipliers are important tools for macroeconomic projections and policy design. In many countries, little is known about the size of multipliers, as data availability limits the scope for empirical research...

The Challenge of Debt Reduction during Fiscal Consolidation

The Challenge of Debt Reduction during Fiscal Consolidation »

Source: The Challenge of Debt Reduction during Fiscal Consolidation

Volume/Issue: 2013/67

Series: IMF Working Papers

Author(s): Luc Eyraud , and Anke Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2013

ISBN: 9781475553864

Keywords: fiscal multipliers, fiscal policy, fiscal tightening, Quantitative Policy Modeling, General,

Studies suggest that fiscal multipliers are currently high in many advanced economies. One important implication is that fiscal tightening could raise the debt ratio in the short term, as fiscal gains are partly wi...

Fiscal Multipliers in Ukraine

Fiscal Multipliers in Ukraine »

Source: Fiscal Multipliers in Ukraine

Volume/Issue: 2015/71

Series: IMF Working Papers

Author(s): Pritha Mitra , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2015

ISBN: 9781484305898

Keywords: fiscal multipliers, structural VAR, multipliers, revenue, variables, fiscal policy, capital, General, General,

Amid renewed crisis, falling tax revenues, and rising debt, Ukraine faces serious fiscal consolidation needs. Durable fiscal adjustment can support economic confidence and rebuild buffers but what is its overall...

The Impact of Fiscal Consolidations on Growth in Sub-Saharan Africa

The Impact of Fiscal Consolidations on Growth in Sub-Saharan Africa »

Source: The Impact of Fiscal Consolidations on Growth in Sub-Saharan Africa

Volume/Issue: 2017/281

Series: IMF Working Papers

Author(s): Francisco Arizala , Jesus Gonzalez-Garcia , Charalambos Tsangarides , and Mustafa Yenice

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2017

ISBN: 9781484333112

Keywords: Africa, Africa, Growth, fiscal consolidations, fiscal multipliers, local projections, General

This paper examines the output effects of changes in public expenditure and revenue in sub-Saharan African countries during 1990-2016. Fiscal multipliers in sub-Saharan Africa are somewhat smaller than those in adv...

Fiscal Multipliers

Fiscal Multipliers »

Source: Fiscal Multipliers : Size, Determinants, and Use in Macroeconomic Projections

Volume: 14

Series: Technical Notes and Manuals

Author(s): Nicoletta Batini , Luc Eyraud , Lorenzo Forni , and Anke Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 October 2014

ISBN: 9781498382458

Keywords: Fiscal policy, fiscal multipliers, fiscal shocks, fiscal shock, fiscal measures, General,

Fiscal multipliers are important tools for macroeconomic projections and policy design. In many countries, little is known about the size of multipliers, as data availability limits the scope for empirical research...

The Economic Effects of Fiscal Consolidation with Debt Feedback

The Economic Effects of Fiscal Consolidation with Debt Feedback »

Source: The Economic Effects of Fiscal Consolidation with Debt Feedback

Volume/Issue: 2013/136

Series: IMF Working Papers

Author(s): Marcello Estevão , and Issouf Samaké

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2013

ISBN: 9781484304488

Keywords: Identification, Fiscal mulpiliers, Consolidation, SVECM, fiscal policy, fiscal consolidation, fiscal multipliers, tax revenue, government spending, General,

The past several years of recession and slow recovery have raised much interest on the effect of fiscal stimulus on economic activity, even as high public debts in many countries would call for fiscal consolidation...

Fiscal Multipliers in the ECCU

Fiscal Multipliers in the ECCU »

Source: Fiscal Multipliers in the ECCU

Volume/Issue: 2013/117

Series: IMF Working Papers

Author(s): Jesus Gonzalez-Garcia , Antonio Lemus , and Mico Mrkaic

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2013

ISBN: 9781484359914

Keywords: Fiscal Multipliers, Panel VAR, OECS, ECCU, fiscal variables, tax revenues, tax revenue, fiscal policies, General, ECCU.,

The multipliers of taxes, and government consumption and investment expenditure for the Eastern Caribbean Currency Union (ECCU) are estimated using vector autoregression models with panel data. The impact and long-...

Growth Forecast Errors and  Fiscal Multipliers

Growth Forecast Errors and Fiscal Multipliers »

Source: Growth Forecast Errors and Fiscal Multipliers

Volume/Issue: 2013/1

Series: IMF Working Papers

Author(s): Olivier Blanchard , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2013

ISBN: 9781475576443

Keywords: government expenditure, output fluctuations, fiscal consolidation, fiscal multipliers, growth forecast, fiscal balance, General, General, Forecasts of Budgets, Deficits

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated...

Fiscal Policy Effectiveness in a Small Open Economy

Fiscal Policy Effectiveness in a Small Open Economy »

Source: Fiscal Policy Effectiveness in a Small Open Economy : Estimates of Tax and Spending Multipliers in Paraguay

Volume/Issue: 2017/63

Series: IMF Working Papers

Author(s): Antonio David

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2017

ISBN: 9781475588262

Keywords: Paraguay, Fiscal policy, Western Hemisphere, Fiscal Multipliers, Local Projection Method, General, Macroeconomic Analyses of Economic Development

This paper presents estimates of fiscal multipliers in Paraguay following different econometric techniques and identification approaches. The results point to multipliers for capital expenditure that are substantia...