How Big are Fiscal Multipliers in Latin America

This book PDF is perfect for those who love Business & Economics genre, written by Jorge Restrepo and published by International Monetary Fund which was released on 31 January 2020 with total hardcover pages 23. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related How Big are Fiscal Multipliers in Latin America books below.

How Big are Fiscal Multipliers in Latin America
How Big are Fiscal Multipliers in Latin America
Author : Jorge Restrepo
File Size : 52,7 Mb
Publisher : International Monetary Fund
Language : English
Release Date : 31 January 2020
ISBN : 9781513526836
Pages : 23 pages
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How Big are Fiscal Multipliers in Latin America by Jorge Restrepo Book PDF Summary

This paper uses the strategy and data of Blanchard and Perotti (BP) to identify fiscal shocks and estimate fiscal multipliers for the United States. With these results, it computes the cumulative multiplier of Ramey and Zubairy (2018), now common in the literature. It finds that, contrary to the peak and through multipliers reported by BP, the cumulative tax multiplier is much larger than the cumulative spending one. Hence, the conclusions depend on the definition of multiplier. This methodology is also used to estimate the effects of fiscal shocks on economic activity in eight Latin American countries. The results suggest that the fiscal multipliers vary significantly across countries, and in some cases multipliers are larger than previously estimated.

How Big are Fiscal Multipliers in Latin America

How Big are Fiscal Multipliers in Latin America by Jorge Restrepo

This paper uses the strategy and data of Blanchard and Perotti (BP) to identify fiscal shocks and estimate fiscal multipliers for the United States. With these results, it computes the cumulative multiplier of Ramey and Zubairy (2018), now common in the literature. It finds that, contrary to the peak and through

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The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies Evidence from Latin America

The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies Evidence from Latin America by Mr.Yan Carriere-Swallow,Mr.Antonio David,Mr.Daniel Leigh

We estimate the short-term effects of fiscal consolidation on economic activity in 14 countries in Latin America and the Caribbean. We examine contemporaneous policy documents to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Based on this

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Fiscal Policy in Latin America

Fiscal Policy in Latin America by Oya Celasun,Francesco Grigoli,Ms. Keiko Honjo,Mr. Javier Kapsoli,Mr. Alexander Klemm,Mr. Bogdan Lissovolik,Jan Luksic,Ms. Marialuz Moreno Badia,Miss Joana Pereira,Marcos Poplawski-Ribeiro,Baoping Shang,Ms. Yulia Ustyugova

Latin America’s bold fiscal policy reaction to the global financial crisis was hailed as a sign that the region had finally overcome its procyclical fiscal past. However, most countries of the region have not yet rebuilt their fiscal space, despite buoyant commodity revenues and relatively strong growth in the

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The Economic Effects of Fiscal Consolidation with Debt Feedback

The Economic Effects of Fiscal Consolidation with Debt Feedback by Mr.Marcello M. Estevão,Issouf Samaké

The past several years of recession and slow recovery have raised much interest on the effect of fiscal stimulus on economic activity, even as high public debts in many countries would call for fiscal consolidation. To evaluate the delicate balance between stimulus and consolidation requires measuring the size of fiscal

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How Big Small are Fiscal Multipliers

How Big Small are Fiscal Multipliers by Ethan Ilzetzki,Mr.Enrique G. Mendoza,Mr.Carlos A. Végh Gramont

We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a novel quarterly dataset of

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Fiscal Multipliers

Fiscal Multipliers by Nicoletta Batini,Luc Eyraud,Lorenzo Forni,Anke Weber

Fiscal multipliers are important tools for macroeconomic projections and policy design. In many countries, little is known about the size of multipliers, as data availability limits the scope for empirical research. This note provides general guidance on the definition, measurement, and use of fiscal multipliers. It reviews the literature related

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Getting Into the Nitty Gritty of Fiscal Multipliers Small Details Big Impacts

Getting Into the Nitty Gritty of Fiscal Multipliers Small Details Big Impacts by José Federico Geli,Afonso S. Moura

Despite the remarkable progress the literature has made throughout the past years in studying fiscal multipliers, estimates still vary considerably across studies. Partly, estimates differ because of context-specific variables that affect multipliers, but also because of the lack of a standardized framework to calculate and report them, making comparisons among

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Estimating Fiscal Multipliers Under Alternative Exchange Rate Regimes The Case of Bolivia

Estimating Fiscal Multipliers Under Alternative Exchange Rate Regimes The Case of Bolivia by Tannous Kass-Hanna,Julien Reynaud,Chris Walker

Empirical (employing the Blanchard-Perotti framework) and modeling (using a country-specific DSGE model) approaches are used to estimate fiscal multipliers by policy instrument for Bolivia, to evaluate possible adjustments in a fiscal consolidation strategy. Multipliers are also estimated using alternative assumptions about the accompanying exchange rate regime and capital mobility, highlighting

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