The Return of Expansionary Austerity : Firms' Investment Response to Fiscal Adjustments in Emerging Markets /

The Return of Expansionary Austerity : Firms' Investment Response to Fiscal Adjustments in Emerging Markets /

We study the response of corporate investment in Emerging Markets to unexpected fiscal shocks. We find that, although firm-level investment decreases on impact following unexpected public expenditure adjustments (classical Keynesian multiplier effect), it quickly rises above pre-shock levels. The re...

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Bibliografische gegevens
Hoofdauteur:	Magud, Nicolas
Andere auteurs:	Pienknagura, Samuel
Formaat:	Tijdschrift
Taal:	English
Gepubliceerd in:	Washington, D.C. : International Monetary Fund, 2022.
Reeks:	IMF Working Papers; Working Paper ;No. 2022/070
Onderwerpen:	Capital Fiscal Policies and Behavior of Economic Agents Intangible Capital Investment National Government Expenditures and Related Policies
Online toegang:	Full text available on IMF

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