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

This book PDF is perfect for those who love Business & Economics genre, written by Mr.Yan Carriere-Swallow and published by International Monetary Fund which was released on 13 June 2018 with total hardcover pages 42. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies Evidence from Latin America books below.

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
Author : Mr.Yan Carriere-Swallow
File Size : 41,8 Mb
Publisher : International Monetary Fund
Language : English
Release Date : 13 June 2018
ISBN : 9781484364116
Pages : 42 pages
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The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies Evidence from Latin America by Mr.Yan Carriere-Swallow Book PDF Summary

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 narrative dataset, our estimates suggest that fiscal consolidation has contractionary effects on GDP, consistent with a multiplier of 0.9. We find these effects to be close to those in OECD countries based on a similarly constructed dataset (Devries and others, 2011). We also find similar estimation results for the two groups of economies for the effect of fiscal consolidation on the external current account balance, providing support for the twin deficits hypothesis.

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

Get Book
A New Action based Dataset of Fiscal Consolidation in Latin America and the Caribbean

A New Action based Dataset of Fiscal Consolidation in Latin America and the Caribbean by Mr.Antonio David,Mr.Daniel Leigh

This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and long-term fiscal health and not by a response to prospective economic conditions.

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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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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

Get Book
Macroeconomic Effects of Tax Rate and Base Changes Evidence from Fiscal Consolidations

Macroeconomic Effects of Tax Rate and Base Changes Evidence from Fiscal Consolidations by Ms.Era Dabla-Norris,Frederico Lima

This paper examines the macroeconomic effects of tax changes during fiscal consolidations. We build a new narrative dataset of tax changes during fiscal consolidation years, containing detailed information on the expected revenue impact, motivation, and announcement and implementation dates of nearly 2,500 tax measures across 10 OECD countries. We analyze the macroeconomic

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Macroeconomic Effects of Tax Rate and Base Changes Evidence from Fiscal Consolidations

Macroeconomic Effects of Tax Rate and Base Changes Evidence from Fiscal Consolidations by Ms.Era Dabla-Norris,Frederico Lima

This paper examines the macroeconomic effects of tax changes during fiscal consolidations. We build a new narrative dataset of tax changes during fiscal consolidation years, containing detailed information on the expected revenue impact, motivation, and announcement and implementation dates of nearly 2,500 tax measures across 10 OECD countries. We analyze the macroeconomic

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Fiscal Consolidation and Firm Level Productivity Evidence from Advanced Economies

Fiscal Consolidation and Firm Level Productivity Evidence from Advanced Economies by Maxwell Tuuli,Ngo Van Long

Productivity dispersion across countries has led to several studies on the determinants of firm level productivity and the role of macroeconomic policies in determining productivity. In this paper, we investigate the effect of fiscal consolidation on firm level productivity in 12 advanced economies by combining an updated dataset of fiscal consolidation

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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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