Fiscal multipliers in Bulgaria: low but still relevant
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.]
International Monetary Fund
c2013
|
| Schriftenreihe: | IMF working paper
WP/13/49 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Feb. 25, 2013). - "European Department"--p. 2 of pdf. - "February 2013"--p. 2 of pdf "With fiscal adjustment proceeding quickly in Bulgaria and given the weak economic growth environment, there is keen interest in making the budget composition more growth friendly. This paper quantifies the short-term impact of fiscal policy on economic activity in Bulgaria using econometric and model-based approaches. While fiscal multipliers have been modest in the past, as can be expected in a small open emerging economy, the effect on output is not independent of the speed of adjustment and the specific consolidation measures used. The impact of fiscal policy on economic activity is larger in downturns than in expansions and capital spending and direct taxes are associated with the largest effects on output, while non-targeted government transfers and indirect taxes are associated with a smaller impact. The results suggest that increased capital spending financed by higher indirect tax revenue collections through base broadening has sizeable growth effects over the medium and long-term"--Abstract Includes bibliographical references (p. 17-18) |
| Beschreibung: | 1 Online-Ressource (1 online resource (19 p.) |
| ISBN: | 9781475539561 1475539568 1475534345 9781475534344 |
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| 500 | |a Title from PDF title page (IMF Web site, viewed Feb. 25, 2013). - "European Department"--p. 2 of pdf. - "February 2013"--p. 2 of pdf | ||
| 500 | |a "With fiscal adjustment proceeding quickly in Bulgaria and given the weak economic growth environment, there is keen interest in making the budget composition more growth friendly. This paper quantifies the short-term impact of fiscal policy on economic activity in Bulgaria using econometric and model-based approaches. While fiscal multipliers have been modest in the past, as can be expected in a small open emerging economy, the effect on output is not independent of the speed of adjustment and the specific consolidation measures used. The impact of fiscal policy on economic activity is larger in downturns than in expansions and capital spending and direct taxes are associated with the largest effects on output, while non-targeted government transfers and indirect taxes are associated with a smaller impact. The results suggest that increased capital spending financed by higher indirect tax revenue collections through base broadening has sizeable growth effects over the medium and long-term"--Abstract | ||
| 500 | |a Includes bibliographical references (p. 17-18) | ||
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| 650 | 7 | |a Business cycles |2 fast | |
| 650 | 7 | |a Economic development |2 fast | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Wirtschaftsentwicklung | |
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| 650 | 4 | |a Economic development |z Bulgaria | |
| 650 | 4 | |a Business cycles |z Bulgaria | |
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| author | Muir, Dirk |
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| dewey-full | 332.152 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.152 |
| dewey-search | 332.152 |
| dewey-sort | 3332.152 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV042967509 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:14:00Z |
| institution | BVB |
| isbn | 9781475539561 1475539568 1475534345 9781475534344 |
| language | English |
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| spelling | Muir, Dirk Verfasser aut Fiscal multipliers in Bulgaria low but still relevant Dirk Muir and Anke Weber [Washington, D.C.] International Monetary Fund c2013 1 Online-Ressource (1 online resource (19 p.) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/13/49 Title from PDF title page (IMF Web site, viewed Feb. 25, 2013). - "European Department"--p. 2 of pdf. - "February 2013"--p. 2 of pdf "With fiscal adjustment proceeding quickly in Bulgaria and given the weak economic growth environment, there is keen interest in making the budget composition more growth friendly. This paper quantifies the short-term impact of fiscal policy on economic activity in Bulgaria using econometric and model-based approaches. While fiscal multipliers have been modest in the past, as can be expected in a small open emerging economy, the effect on output is not independent of the speed of adjustment and the specific consolidation measures used. The impact of fiscal policy on economic activity is larger in downturns than in expansions and capital spending and direct taxes are associated with the largest effects on output, while non-targeted government transfers and indirect taxes are associated with a smaller impact. The results suggest that increased capital spending financed by higher indirect tax revenue collections through base broadening has sizeable growth effects over the medium and long-term"--Abstract Includes bibliographical references (p. 17-18) BUSINESS & ECONOMICS / Banks & Banking bisacsh Business cycles fast Economic development fast Fiscal policy fast Wirtschaft Wirtschaftsentwicklung Fiscal policy Bulgaria Economic development Bulgaria Business cycles Bulgaria Weber, Anke Sonstige oth International Monetary Fund European Department Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=561205 Aggregator Volltext |
| spellingShingle | Muir, Dirk Fiscal multipliers in Bulgaria low but still relevant BUSINESS & ECONOMICS / Banks & Banking bisacsh Business cycles fast Economic development fast Fiscal policy fast Wirtschaft Wirtschaftsentwicklung Fiscal policy Bulgaria Economic development Bulgaria Business cycles Bulgaria |
| title | Fiscal multipliers in Bulgaria low but still relevant |
| title_auth | Fiscal multipliers in Bulgaria low but still relevant |
| title_exact_search | Fiscal multipliers in Bulgaria low but still relevant |
| title_full | Fiscal multipliers in Bulgaria low but still relevant Dirk Muir and Anke Weber |
| title_fullStr | Fiscal multipliers in Bulgaria low but still relevant Dirk Muir and Anke Weber |
| title_full_unstemmed | Fiscal multipliers in Bulgaria low but still relevant Dirk Muir and Anke Weber |
| title_short | Fiscal multipliers in Bulgaria |
| title_sort | fiscal multipliers in bulgaria low but still relevant |
| title_sub | low but still relevant |
| topic | BUSINESS & ECONOMICS / Banks & Banking bisacsh Business cycles fast Economic development fast Fiscal policy fast Wirtschaft Wirtschaftsentwicklung Fiscal policy Bulgaria Economic development Bulgaria Business cycles Bulgaria |
| topic_facet | BUSINESS & ECONOMICS / Banks & Banking Business cycles Economic development Fiscal policy Wirtschaft Wirtschaftsentwicklung Fiscal policy Bulgaria Economic development Bulgaria Business cycles Bulgaria |
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