|
|
|
|
| LEADER |
02063cas a2200265 a 4500 |
| 001 |
AALejournalIMF021306 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781513559018
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Hannan, Swarnali.
|
| 245 |
1 |
0 |
|a Mexico Needs a Fiscal Twist :
|b Response to Covid-19 and Beyond /
|c Swarnali Hannan, Keiko Honjo, Mehdi Raissi.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2020.
|
| 300 |
|
|
|a 1 online resource (33 pages)
|
| 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 Mexico's fiscal response to the pandemic has been modest compared to its peers, reflecting the authorities' desire to not issue new debt for spending. This approach, however, risks a more severe recession and a weaker economic recovery, with further costs in the future. Balancing the need for stronger near-term fiscal support for the people and the recovery against medium-term discipline, this paper lays out an alternative strategy. We show that credibly announcing a pro-growth and inclusive medium-term fiscal reform upfront-including increased tax capacity, higher public investment and strengthened social safety nets-would open space for larger short-term support and close medium-term fiscal gaps. Model simulations suggest that this package would boost output, limit lasting economic damage from the pandemic, and put debt trajectory on a declining path in the medium term as tax reforms pay off and risk premia decline.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Honjo, Keiko.
|
| 700 |
1 |
|
|a Raissi, Mehdi.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2020/215
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2020/215/001.2020.issue-215-en.xml
|z IMF e-Library
|