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Thailand: Selected Issues
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2018: Issue 144
Language:
English
Publication Date:
04 Jun 2018
DOI:
https://doi.org/10.5089/9781484359174.002
ISBN:
9781484359174
ISSN:
1934-7685
Pages:
44
Keywords:
ISCR; CR; financial condition; ASEAN economy; rule; loan; portfolio investment; monetary policy transmission mechanism; retirement age; inflation objective; infrastructure investment; Financial integration; Macroprudential policy; Macroprudential policy instruments; Financial sector stability; Regional integration; Global; Asia and Pacific
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This Selected Issues paper examines the impact of key structural fiscal reforms on growth and other macro variables in Thailand. The study simulates the impact of: a public infrastructure push; labor market policies, including an increase in the pensionable age and in provision of childcare services; and a change in the composition of taxes from income taxes to value added tax to shed light on the desired composition of additional taxes to be levied in the longer term. The results indicate that structural reforms enabling higher infrastructure investment, stronger labor participation, and more efficient taxation can raise growth significantly and contribute to addressing domestic and external imbalances.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund