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...
| Autor principal: | |
|---|---|
| Outros Autores: | |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2022.
|
| coleção: | IMF Working Papers; Working Paper
;No. 2022/070 |
| Assuntos: | |
| Acesso em linha: | Full text available on IMF |