Looking for An Economically Meaningful Way to Assess Fiscal Policy.

This paper examines the behavior of private consumption in Mexico and Chile. Understanding private consumption behavior in developing countries is receiving increasing attention at a time many of them are required to substitute national saving for external saving. For both countries dealt with in th...

Täydet tiedot

Bibliografiset tiedot
Yhteisötekijä: International Monetary Fund
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 1989.
Sarja:IMF Working Papers; Working Paper ; No. 1989/051
Linkit:Full text available on IMF
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245 1 0 |a Looking for An Economically Meaningful Way to Assess Fiscal Policy. 
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490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines the behavior of private consumption in Mexico and Chile. Understanding private consumption behavior in developing countries is receiving increasing attention at a time many of them are required to substitute national saving for external saving. For both countries dealt with in this study, changes in the real rate of interest appeared to have a sizable negative effect on private consumption. Private consumption also appeared to be (positively) influenced by real net capital inflows. An empirical approximation to permanent income also appears relevant for both countries, in particular for Mexico, where the sum of the 2-year income elasticities was very close to 1.0. Finally, government consumption did not appear as a relevant variable in either country. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1989/051 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1989/051/001.1989.issue-051-en.xml  |z IMF e-Library