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

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 approach. Estimates show that fiscal multipliers tend to be small, except for those assoc...

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প্রধান লেখক: Cerisola, Martin
অন্যান্য লেখক: Abdallah, Chadi, Davies, Victor, Fischer, Mark
বিন্যাস: পত্রিকা
ভাষা:English
প্রকাশিত: Washington, D.C. : International Monetary Fund, 2015.
মালা:Technical Notes and Manuals; Technical Notes and Manuals ; No. 2015/001
অনলাইন ব্যবহার করুন:Full text available on IMF
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245 1 0 |a Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries /  |c Martin Cerisola, Chadi Abdallah, Victor Davies, Mark Fischer. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2015. 
300 |a 1 online resource (31 pages) 
490 1 |a Technical Notes and Manuals 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a 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 approach. Estimates show that fiscal multipliers tend to be small, except for those associated with government investment spending, which generally exceed unity. For the average MENAP country, fiscal multipliers for current spending, government consumption and government investment spending are 0.5, 0.8, and 1.1,respectively, while the tax revenues multiplier is estimated at around -0.4. There is also significant variation in the size of these multipliers across countries, consistent with differences in economic fundamentals, such as openness to trade and the flexibility of the exchange rate. The estimated multipliers are generally consistent with theoretical priors, and are in line with the evidence from the literature for other economies and categories of spending and taxes. 
538 |a Mode of access: Internet 
700 1 |a Abdallah, Chadi. 
700 1 |a Davies, Victor. 
700 1 |a Fischer, Mark. 
830 0 |a Technical Notes and Manuals; Technical Notes and Manuals ;  |v No. 2015/001 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/005/2015/001/005.2015.issue-001-en.xml  |z IMF e-Library