Holdings: Do Fiscal Multipliers Depend on Fiscal Positions?

Do Fiscal Multipliers Depend on Fiscal Positions?

This paper analyzes the relationship between fiscal multipliers and fiscal positions of governments using an Interactive Panel Vector Auto Regression model and a large data-set of advanced and developing economies. The methodology permits tracing t...

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Bibliographic Details
Main Authors:	Huidrom, Raju, Kose, M. Ayhan, Lim, Jamus J., Ohnsorge, Franziska L.
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	FORECASTS GROWTH RATES MONETARY POLICY RISKS ECONOMIC GROWTH CHECKS FISCAL BALANCES MULTIPLIERS SHORT-TERM RATE LAGS MONETARY ECONOMICS INTEREST TRANSMISSION MECHANISMS EXPECTATIONS IMPORT ECONOMETRIC MODEL GOVERNMENT SPENDING INTEREST RATE SLACK REAL GDP OPTION EXCHANGE MACROECONOMIC POLICY LIQUIDITY DEVELOPING COUNTRIES RECESSION POLITICAL ECONOMY CAPITAL STRUCTURES YIELD SPREADS FISCAL POLICY ECONOMIC POLICY MACROECONOMIC CONDITIONS VARIABLES TAX BOND YIELDS WEALTH INTERNATIONAL BANK DEBT BURDEN BANK LENDING DEVELOPMENT MACROECONOMIC STABILITY EFFECTIVE EXCHANGE RATE ENDOGENOUS VARIABLE INDEBTEDNESS CURRENCY DEVELOPMENT ECONOMICS FOREIGN CURRENCY DEBT ADVANCED ECONOMIES STRUCTURAL SHOCKS LOW-INCOME COUNTRIES MONEY CURRENT ACCOUNT DESCRIPTIVE STATISTICS CAPITAL FORMATION GOVERNMENT INDEBTEDNESS EXCHANGE RATES CREDIT RISKS MONETARY FUND FLEXIBLE EXCHANGE RATE SOVEREIGN BOND MARKETS DEBT FLOATING EXCHANGE RATES PRIVATE INVESTMENT DEFICITS CONSUMPTION EXPENDITURE OPEN ECONOMY BUSINESS CYCLE LENDERS RECESSIONS BORROWING COSTS GROSS DOMESTIC PRODUCT DISTORTIONS BORROWING COST FINANCE FOREIGN CURRENCY MARKET ECONOMIES MACROECONOMIC STABILIZATION TAXES FIXED EXCHANGE RATE EXPENDITURE DEBT LEVELS INVESTORS CONSUMPTION GROSS FIXED CAPITAL FORMATION GOOD FISCAL SHOCKS SOVEREIGN RISK FINANCIAL CRISIS FUTURE INDICATOR VARIABLE VALUE TAX INCREASES CURRENT ACCOUNT BALANCE CREDIT MACROECONOMICS ERROR TERMS DEMAND CONSUMPTION PATHS GOVERNMENT EXPENDITURE AGGREGATE DEMAND YIELD SPREAD ECONOMY MARKET BENCHMARK ECONOMIC THEORY REAL GROSS DOMESTIC PRODUCT EXCHANGE RATE REGIME ENDOGENOUS VARIABLES PUBLIC DEBT SOLVENCY INVESTMENT RISES CREDIT RISK AVERAGE DEBT BUSINESS CYCLES GOVERNMENT DEBT TROUGH GDP INVESTOR THEORY FINANCIAL DEVELOPMENT INVESTMENT RISK OUTPUT RESPONSES BOND SHARE FISCAL BALANCE UNCERTAINTY PRIVATE CONSUMPTION EXTERNAL DEBT FINANCIAL STRUCTURE FIXED EXCHANGE RATE REGIMES LENDING CHECK NOMINAL INTEREST RATE LEVEL OF DEBT FISCAL POSITIONS EXCHANGE RATE INSTRUMENT ROBUSTNESS CHECKS REAL EFFECTIVE EXCHANGE RATE LABOR MARKETS OUTCOMES CONSUMPTION INCREASES EXCHANGE RATE REGIMES FISCAL POSITION ECONOMIES DEVELOPMENT POLICY FUTURE RESEARCH
Online Access:	http://documents.worldbank.org/curated/en/2016/06/26533514/fiscal-multipliers-depend-fiscal-positions http://hdl.handle.net/10986/24641

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http://documents.worldbank.org/curated/en/2016/06/26533514/fiscal-multipliers-depend-fiscal-positions
http://hdl.handle.net/10986/24641

Do Fiscal Multipliers Depend on Fiscal Positions?

Internet

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