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Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries

2015-03-23 Business & Economics
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Release : 2015-03-23
Genre : Business & Economics
Kind : eBook
Book Rating : 904/5 ( reviews)

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Book Synopsis Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries by : Mr.Martin D. Cerisola

Download or read book Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries written by Mr.Martin D. Cerisola. This book was released on 2015-03-23. Available in PDF, EPUB and Kindle. Book excerpt: This note is a reference guide to the econometric work on fiscal multipliers for MENAP countries. Spending and tax multipliers are estimated from conventional VAR models and identified using a sign-restrictions approach. Estimates show that fiscal multipliers tend to be small, except for those associated with government investment spending, which generally exceed unity. For the average MENAP country, fiscal multipliers for current spending, government consumption and government investment spending are 0.5, 0.8, and 1.1,respectively, while the tax revenues multiplier is estimated at around –0.4. There is also significant variation in the size of these multipliers across countries, consistent with differences in economic fundamentals, such as openness to trade and the flexibility of the exchange rate. The estimated multipliers are generally consistent with theoretical priors, and are in line with the evidence from the literature for other economies and categories of spending and taxes.

Assessing the Impact of Fiscal Shocks on Output In MENAP Countries

2015 Expenditures, Public
Download Assessing the Impact of Fiscal Shocks on Output In MENAP Countries PDF Online Free

Author :
Release : 2015
Genre : Expenditures, Public
Kind : eBook
Book Rating : 875/5 ( reviews)

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Book Synopsis Assessing the Impact of Fiscal Shocks on Output In MENAP Countries by :

Download or read book Assessing the Impact of Fiscal Shocks on Output In MENAP Countries written by . This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt: This note is a reference guide to the econometric work on fiscal multipliers for MENAP countries. Spending and tax multipliers are estimated from conventional VAR models and identified using a sign-restrictions approach. Estimates show that fiscal multipliers tend to be small, except for those associated with government investment spending, which generally exceed unity. For the average MENAP country, fiscal multipliers for current spending, government consumption and government investment spending are 0.5, 0.8, and 1.1,respectively, while the tax revenues multiplier is estimated at around --0.4. There is also significant variation in the size of these multipliers across countries, consistent with differences in economic fundamentals, such as openness to trade and the flexibility of the exchange rate. The estimated multipliers are generally consistent with theoretical priors, and are in line with the evidence from the literature for other economies and categories of spending and taxes.

Assessing the Impact of Fiscal Shocks on Output In MENAP Countries

2015 Expenditures, Public
Download Assessing the Impact of Fiscal Shocks on Output In MENAP Countries PDF Online Free

Author :
Release : 2015
Genre : Expenditures, Public
Kind : eBook
Book Rating : 884/5 ( reviews)

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Book Synopsis Assessing the Impact of Fiscal Shocks on Output In MENAP Countries by :

Download or read book Assessing the Impact of Fiscal Shocks on Output In MENAP Countries written by . This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt: This note is a reference guide to the econometric work on fiscal multipliers for MENAP countries. Spending and tax multipliers are estimated from conventional VAR models and identified using a sign-restrictions approach. Estimates show that fiscal multipliers tend to be small, except for those associated with government investment spending, which generally exceed unity. For the average MENAP country, fiscal multipliers for current spending, government consumption and government investment spending are 0.5, 0.8, and 1.1,respectively, while the tax revenues multiplier is estimated at around --0.4. There is also significant variation in the size of these multipliers across countries, consistent with differences in economic fundamentals, such as openness to trade and the flexibility of the exchange rate. The estimated multipliers are generally consistent with theoretical priors, and are in line with the evidence from the literature for other economies and categories of spending and taxes.

Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries

2015-03-23 Business & Economics
Download Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries PDF Online Free

Author :
Release : 2015-03-23
Genre : Business & Economics
Kind : eBook
Book Rating : 100/5 ( reviews)

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Book Synopsis Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries by : Mr.Martin D. Cerisola

Download or read book Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries written by Mr.Martin D. Cerisola. This book was released on 2015-03-23. Available in PDF, EPUB and Kindle. Book excerpt: This note is a reference guide to the econometric work on fiscal multipliers for MENAP countries. Spending and tax multipliers are estimated from conventional VAR models and identified using a sign-restrictions approach. Estimates show that fiscal multipliers tend to be small, except for those associated with government investment spending, which generally exceed unity. For the average MENAP country, fiscal multipliers for current spending, government consumption and government investment spending are 0.5, 0.8, and 1.1,respectively, while the tax revenues multiplier is estimated at around –0.4. There is also significant variation in the size of these multipliers across countries, consistent with differences in economic fundamentals, such as openness to trade and the flexibility of the exchange rate. The estimated multipliers are generally consistent with theoretical priors, and are in line with the evidence from the literature for other economies and categories of spending and taxes.

Islamic Republic of Afghanistan

2019-12-20 Business & Economics
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Author :
Release : 2019-12-20
Genre : Business & Economics
Kind : eBook
Book Rating : 224/5 ( reviews)

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Book Synopsis Islamic Republic of Afghanistan by : International Monetary Fund. Middle East and Central Asia Dept.

Download or read book Islamic Republic of Afghanistan written by International Monetary Fund. Middle East and Central Asia Dept.. This book was released on 2019-12-20. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents 2019 Article IV Consultation with Republic of Afghanistan and its Sixth Review Under the Extended Credit Facility Arrangement. Despite difficult circumstances, the Afghan authorities have continued to demonstrate strong commitment to the economic program supported by the Extended Credit Facility arrangement. Given the uncertain outlook dominated by downside risks, policies should focus on maintaining macroeconomic and financial stability and putting the conditions in place for stronger and more inclusive growth, led by the private sector. The authorities have made progress with their self-reliance agenda, yet strong financial support from donors is needed to help Afghanistan stay on the path to greater prosperity. Fiscal policy should continue to target a broadly balanced budget, supported by fair and sustainable domestic revenue mobilization and strong financial support by donors. Resources should shift toward pro-growth and pro-poor outlays and create fiscal space to meet the country’s considerable development needs.

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