Fiscal Multipliers in the ECCU:
The multipliers of taxes, and government consumption and investment expenditure for the Eastern Caribbean Currency Union (ECCU) are estimated using vector autoregression models with panel data. The impact and long-run multipliers are below unity, suggesting that a great extent of the intended impuls...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 13/117 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The multipliers of taxes, and government consumption and investment expenditure for the Eastern Caribbean Currency Union (ECCU) are estimated using vector autoregression models with panel data. The impact and long-run multipliers are below unity, suggesting that a great extent of the intended impulse ends up expanding imported demand. The long-run multipliers of taxes and consumption expenditure are non-different from zero statistically, while public investment has a long-run multiplier of 0.6. The results suggest that countercyclical policies to stimulate growth should focus on public investment |
| Beschreibung: | 1 Online-Ressource (17 p) |
| ISBN: | 1484359917 9781484359914 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:15Z |
| indexdate | 2024-07-10T09:35:22Z |
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| spelling | Gonzalez-Garcia, Jesus Verfasser aut Fiscal Multipliers in the ECCU Gonzalez-Garcia, Jesus Washington, D.C International Monetary Fund 2013 1 Online-Ressource (17 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/117 The multipliers of taxes, and government consumption and investment expenditure for the Eastern Caribbean Currency Union (ECCU) are estimated using vector autoregression models with panel data. The impact and long-run multipliers are below unity, suggesting that a great extent of the intended impulse ends up expanding imported demand. The long-run multipliers of taxes and consumption expenditure are non-different from zero statistically, while public investment has a long-run multiplier of 0.6. The results suggest that countercyclical policies to stimulate growth should focus on public investment Online-Ausg Lemus, Antonio Sonstige oth Mrkaic, Mico Sonstige oth http://elibrary.imf.org/view/IMF001/20498-9781484359914/20498-9781484359914/20498-9781484359914.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Gonzalez-Garcia, Jesus Fiscal Multipliers in the ECCU |
| title | Fiscal Multipliers in the ECCU |
| title_auth | Fiscal Multipliers in the ECCU |
| title_exact_search | Fiscal Multipliers in the ECCU |
| title_exact_search_txtP | Fiscal Multipliers in the ECCU |
| title_full | Fiscal Multipliers in the ECCU Gonzalez-Garcia, Jesus |
| title_fullStr | Fiscal Multipliers in the ECCU Gonzalez-Garcia, Jesus |
| title_full_unstemmed | Fiscal Multipliers in the ECCU Gonzalez-Garcia, Jesus |
| title_short | Fiscal Multipliers in the ECCU |
| title_sort | fiscal multipliers in the eccu |
| url | http://elibrary.imf.org/view/IMF001/20498-9781484359914/20498-9781484359914/20498-9781484359914.xml |
| work_keys_str_mv | AT gonzalezgarciajesus fiscalmultipliersintheeccu AT lemusantonio fiscalmultipliersintheeccu AT mrkaicmico fiscalmultipliersintheeccu |