Fiscal policy effectiveness in a small open economy :: estimates of tax and spending multipliers in Paraguay /
This paper presents estimates of fiscal multipliers in Paraguay following different econometric techniques and identification approaches. The results point to multipliers for capital expenditure that are substantially higher than multipliers for current expenditure. In addition, the evidence suggest...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
2017.
|
| Schriftenreihe: | IMF working paper ;
WP/17/63. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper presents estimates of fiscal multipliers in Paraguay following different econometric techniques and identification approaches. The results point to multipliers for capital expenditure that are substantially higher than multipliers for current expenditure. In addition, the evidence suggests that tax multipliers are close to zero when using conventional identification approaches, but estimates can be much larger when considering the "narrative" approach. One implication of the results is that the balanced budget multiplier for Paraguay i.e. the effect of on output of an increase in expenditures (in particular capital expenditure) financed by taxes is likely to be positive. |
| Beschreibung: | 1 online resource (29 pages) : illustrations, tables, graphs. |
| ISBN: | 1475588348 9781475588347 1475588267 9781475588262 |
| ISSN: | 1018-5941 |
Internformat
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| 520 | 3 | |a This paper presents estimates of fiscal multipliers in Paraguay following different econometric techniques and identification approaches. The results point to multipliers for capital expenditure that are substantially higher than multipliers for current expenditure. In addition, the evidence suggests that tax multipliers are close to zero when using conventional identification approaches, but estimates can be much larger when considering the "narrative" approach. One implication of the results is that the balanced budget multiplier for Paraguay i.e. the effect of on output of an increase in expenditures (in particular capital expenditure) financed by taxes is likely to be positive. | |
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| geographic | Paraguay fast https://id.oclc.org/worldcat/entity/E39PBJvxqdTjXfFtgKcyJYMwYP |
| geographic_facet | Paraguay |
| id | ZDB-4-EBU-ocn985846480 |
| illustrated | Illustrated |
| indexdate | 2024-07-16T15:04:17Z |
| institution | BVB |
| isbn | 1475588348 9781475588347 1475588267 9781475588262 |
| issn | 1018-5941 |
| language | English |
| oclc_num | 985846480 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (29 pages) : illustrations, tables, graphs. |
| psigel | ZDB-4-EBU |
| publishDate | 2017 |
| publishDateSearch | 2017 |
| publishDateSort | 2017 |
| publisher | International Monetary Fund, |
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| series | IMF working paper ; |
| series2 | IMF Working Paper ; |
| spelling | David, Antonio C., author. http://id.loc.gov/authorities/names/no2007044142 Fiscal policy effectiveness in a small open economy : estimates of tax and spending multipliers in Paraguay / by Antonio C. David. [Washington, D.C.] : International Monetary Fund, 2017. ©2017 1 online resource (29 pages) : illustrations, tables, graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier data file rda IMF Working Paper ; WP/17/63 This paper presents estimates of fiscal multipliers in Paraguay following different econometric techniques and identification approaches. The results point to multipliers for capital expenditure that are substantially higher than multipliers for current expenditure. In addition, the evidence suggests that tax multipliers are close to zero when using conventional identification approaches, but estimates can be much larger when considering the "narrative" approach. One implication of the results is that the balanced budget multiplier for Paraguay i.e. the effect of on output of an increase in expenditures (in particular capital expenditure) financed by taxes is likely to be positive. Fiscal policy. http://id.loc.gov/authorities/subjects/sh85048601 Fiscal policy Paraguay. Taxation Paraguay. Politique fiscale. Politique fiscale Paraguay. Impôt Paraguay. BUSINESS & ECONOMICS / Economics / Macroeconomics bisacsh POLITICAL SCIENCE / Economic Conditions bisacsh Fiscal policy fast Taxation fast Paraguay fast https://id.oclc.org/worldcat/entity/E39PBJvxqdTjXfFtgKcyJYMwYP has work: Fiscal policy effectiveness in a small open economy (Text) https://id.oclc.org/worldcat/entity/E39PCH46xPRKFBYxvFh7DrqxXd https://id.oclc.org/worldcat/ontology/hasWork IMF working paper ; WP/17/63. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1496842 Volltext |
| spellingShingle | David, Antonio C. Fiscal policy effectiveness in a small open economy : estimates of tax and spending multipliers in Paraguay / IMF working paper ; Fiscal policy. http://id.loc.gov/authorities/subjects/sh85048601 Fiscal policy Paraguay. Taxation Paraguay. Politique fiscale. Politique fiscale Paraguay. Impôt Paraguay. BUSINESS & ECONOMICS / Economics / Macroeconomics bisacsh POLITICAL SCIENCE / Economic Conditions bisacsh Fiscal policy fast Taxation fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85048601 |
| title | Fiscal policy effectiveness in a small open economy : estimates of tax and spending multipliers in Paraguay / |
| title_auth | Fiscal policy effectiveness in a small open economy : estimates of tax and spending multipliers in Paraguay / |
| title_exact_search | Fiscal policy effectiveness in a small open economy : estimates of tax and spending multipliers in Paraguay / |
| title_full | Fiscal policy effectiveness in a small open economy : estimates of tax and spending multipliers in Paraguay / by Antonio C. David. |
| title_fullStr | Fiscal policy effectiveness in a small open economy : estimates of tax and spending multipliers in Paraguay / by Antonio C. David. |
| title_full_unstemmed | Fiscal policy effectiveness in a small open economy : estimates of tax and spending multipliers in Paraguay / by Antonio C. David. |
| title_short | Fiscal policy effectiveness in a small open economy : |
| title_sort | fiscal policy effectiveness in a small open economy estimates of tax and spending multipliers in paraguay |
| title_sub | estimates of tax and spending multipliers in Paraguay / |
| topic | Fiscal policy. http://id.loc.gov/authorities/subjects/sh85048601 Fiscal policy Paraguay. Taxation Paraguay. Politique fiscale. Politique fiscale Paraguay. Impôt Paraguay. BUSINESS & ECONOMICS / Economics / Macroeconomics bisacsh POLITICAL SCIENCE / Economic Conditions bisacsh Fiscal policy fast Taxation fast |
| topic_facet | Fiscal policy. Fiscal policy Paraguay. Taxation Paraguay. Politique fiscale. Politique fiscale Paraguay. Impôt Paraguay. BUSINESS & ECONOMICS / Economics / Macroeconomics POLITICAL SCIENCE / Economic Conditions Fiscal policy Taxation Paraguay |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1496842 |
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