Government Spending Effects in Low-income Countries /

Despite the voluminous literature on fiscal policy, very few papers focus on low-income countries (LICs). This paper develops a new-Keynesian small open economy model to show, analytically and through simulations, that some of the prevalent features of LICs-different types of financing including aid...

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Bibliographic Details
Main Author: Shen, Wenyi
Other Authors: Yang, Susan, Zanna, Luis-Felipe
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2015.
Series:IMF Working Papers; Working Paper ; No. 2015/286
Online Access:Full text available on IMF