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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...

Policy Formulation, Analytical Frameworks, and Program Design

Policy Formulation, Analytical Frameworks, and Program Design »

Source: Policy Formulation, Analytical Frameworks, and Program Design

Volume/Issue: 2004/044

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 2004

ISBN: 9781498329965

Keywords: Financial programs, Fund-supported adjustment programs, Economic conditions, Real sector, Fiscal sector, Economic stabilization, External sector, PP, WEO, current account balance

The first part of this paper lays out the process of program design and briefly describes some of the analytical tools--including the financial programming framework, the balance sheet approach, and the debt sustai...

International Fiscal-financial Spillovers: The Effect of Fiscal Shocks on Cross-border Bank Lending*

International Fiscal-financial Spillovers: The Effect of Fiscal Shocks on Cross-border Bank Lending* »

Source: International Fiscal-financial Spillovers: The Effect of Fiscal Shocks on Cross-border Bank Lending

Volume/Issue: 2019/150

Series: IMF Working Papers

Author(s): Sangyup Choi , Davide Furceri , and Chansik Yoon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 July 2019

ISBN: 9781484389690

Keywords: Financial crises, Economic conditions, Nominal effective exchange rate, Fiscal sector, Real effective exchange rates, Fiscal-financial spillovers, Cross-border banking flows, Local projections, Nonlinear effects, Trilemma.

This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S....

Debt Limits in Fund-Supported Programs - Proposed New Guidelines

Debt Limits in Fund-Supported Programs - Proposed New Guidelines »

Source: Debt Limits in Fund-Supported Programs - Proposed New Guidelines

Volume/Issue: 2009/038

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2009

ISBN: 9781498335744

Keywords: Access limits, Access to Fund general resources, Concessional aid, Debt management, Debt sustainability, External debt, External financing, Financial management, Fund facilities, Fund policies

Low-income countries (LICs) face significant challenges in meeting their development objectives, while maintaining a sustainable debt position. To address this dilemma, the international community has largely advoc...

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

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

DOI: http://dx.doi.org/10.5089/9781475588262.001

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...

Policy Formulation, Analytical Frameworks, and Program Design

Policy Formulation, Analytical Frameworks, and Program Design »

Volume/Issue: 2004/044

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 2004

DOI: http://dx.doi.org/10.5089/9781498329965.007

ISBN: 9781498329965

Keywords: Financial programs, Fund-supported adjustment programs, Economic conditions, Real sector, Fiscal sector, Economic stabilization, External sector, PP, WEO, current account balance

The first part of this paper lays out the process of program design and briefly describes some of the analytical tools--including the financial programming framework, the balance sheet approach, and the debt sustai...

International Fiscal-financial Spillovers: The Effect of Fiscal Shocks on Cross-border Bank Lending

International Fiscal-financial Spillovers: The Effect of Fiscal Shocks on Cross-border Bank Lending »

Volume/Issue: 2019/150

Series: IMF Working Papers

Author(s): Sangyup Choi , Davide Furceri , and Chansik Yoon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 July 2019

DOI: http://dx.doi.org/10.5089/9781484389690.001

ISBN: 9781484389690

Keywords: Financial crises, Economic conditions, Nominal effective exchange rate, Fiscal sector, Real effective exchange rates, Fiscal-financial spillovers, Cross-border banking flows, Local projections, Nonlinear effects, Trilemma.

This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S....

Debt Limits in Fund-Supported Programs - Proposed New Guidelines

Debt Limits in Fund-Supported Programs - Proposed New Guidelines »

Volume/Issue: 2009/038

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2009

DOI: http://dx.doi.org/10.5089/9781498335744.007

ISBN: 9781498335744

Keywords: Access limits, Access to Fund general resources, Concessional aid, Debt management, Debt sustainability, External debt, External financing, Financial management, Fund facilities, Fund policies

Low-income countries (LICs) face significant challenges in meeting their development objectives, while maintaining a sustainable debt position. To address this dilemma, the international community has largely advoc...