Fiscal Multipliers For Brazil PDF Download
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| Author | : Mr.Troy Matheson |
| Publisher | : International Monetary Fund |
| Total Pages | : 16 |
| Release | : 2016-03-25 |
| Genre | : Business & Economics |
| ISBN | : 1484307895 |
Download Fiscal Multipliers for Brazil Book in PDF, ePub and Kindle
We find historical fiscal multipliers for Brazil around 0.5, larger than what existing literature typically identifies for the average emerging market. However, spending and public credit multipliers seem to have dropped to near zero since the global financial crisis, as the estimate for the whole sample period (1999-2014) is about 1⁄2 of that for precrisis years. By contrast, revenue multipliers have remained broadly stable. We conclude that fiscal consolidations based on expenditure and public credit retrenchment are likely to entail a modest drag on growth in the near term.
| Author | : Mr.Troy Matheson |
| Publisher | : International Monetary Fund |
| Total Pages | : 16 |
| Release | : 2016-08-16 |
| Genre | : Business & Economics |
| ISBN | : 1475525621 |
Download Fiscal Multipliers for Brazil Book in PDF, ePub and Kindle
We find historical fiscal multipliers for Brazil around 0.5, larger than what existing literature typically identifies for the average emerging market. However, spending and public credit multipliers seem to have dropped to near zero since the global financial crisis, as the estimate for the whole sample period (1999-2014) is about 1⁄2 of that for precrisis years. By contrast, revenue multipliers have remained broadly stable. We conclude that fiscal consolidations based on expenditure and public credit retrenchment are likely to entail a modest drag on growth in the near term.
| Author | : Jorge Restrepo |
| Publisher | : International Monetary Fund |
| Total Pages | : 23 |
| Release | : 2020-01-31 |
| Genre | : Business & Economics |
| ISBN | : 1513526839 |
Download How Big are Fiscal Multipliers in Latin America? Book in PDF, ePub and Kindle
This paper uses the strategy and data of Blanchard and Perotti (BP) to identify fiscal shocks and estimate fiscal multipliers for the United States. With these results, it computes the cumulative multiplier of Ramey and Zubairy (2018), now common in the literature. It finds that, contrary to the peak and through multipliers reported by BP, the cumulative tax multiplier is much larger than the cumulative spending one. Hence, the conclusions depend on the definition of multiplier. This methodology is also used to estimate the effects of fiscal shocks on economic activity in eight Latin American countries. The results suggest that the fiscal multipliers vary significantly across countries, and in some cases multipliers are larger than previously estimated.
| Author | : International Monetary Fund. Western Hemisphere Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 102 |
| Release | : 2015-05-12 |
| Genre | : Business & Economics |
| ISBN | : 1475588151 |
Download Brazil Book in PDF, ePub and Kindle
This Selected Issues paper examines infrastructure investment in Brazil. Brazil has inferior overall infrastructure quality relative to almost all its export competitors. Brazil’s infrastructure endowment ranks low by international standards, and its low quality affects productivity, market efficiency, and competitiveness. Areas in which Brazil’s competitiveness has lagged include, but are not limited to, education, innovation, governance, and justice. Brazil’s infrastructure gap has become a major obstacle to growth and filling this gap will entail increasing investment and also stepping up other reforms.
| Author | : |
| Publisher | : |
| Total Pages | : 76 |
| Release | : 2014 |
| Genre | : Brazil |
| ISBN | : |
Download Federal Transfer Multipliers. Quasi-experimental Evidence from Brazil Book in PDF, ePub and Kindle
| Author | : International Monetary Fund. Western Hemisphere Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 102 |
| Release | : 2015-05-12 |
| Genre | : Business & Economics |
| ISBN | : 1475521324 |
Download Brazil Book in PDF, ePub and Kindle
This Selected Issues paper examines infrastructure investment in Brazil. Brazil has inferior overall infrastructure quality relative to almost all its export competitors. Brazil’s infrastructure endowment ranks low by international standards, and its low quality affects productivity, market efficiency, and competitiveness. Areas in which Brazil’s competitiveness has lagged include, but are not limited to, education, innovation, governance, and justice. Brazil’s infrastructure gap has become a major obstacle to growth and filling this gap will entail increasing investment and also stepping up other reforms.
| Author | : Nicolas Borsoi |
| Publisher | : |
| Total Pages | : 36 |
| Release | : 2018 |
| Genre | : Brazil |
| ISBN | : |
Download Fiscal Multipliers in Bad Times Book in PDF, ePub and Kindle
| Author | : Ethan Ilzetzki |
| Publisher | : International Monetary Fund |
| Total Pages | : 68 |
| Release | : 2011-03-01 |
| Genre | : Business & Economics |
| ISBN | : 1455218022 |
Download How Big (Small?) are Fiscal Multipliers? Book in PDF, ePub and Kindle
We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a novel quarterly dataset of government expenditure in 44 countries, we find that (i) the output effect of an increase in government consumption is larger in industrial than in developing countries, (ii) the fisscal multiplier is relatively large in economies operating under predetermined exchange rate but zero in economies operating under flexible exchange rates; (iii) fiscal multipliers in open economies are lower than in closed economies and (iv) fiscal multipliers in high-debt countries are also zero.
| Author | : Richard Hemming |
| Publisher | : International Monetary Fund |
| Total Pages | : 62 |
| Release | : 2002-12 |
| Genre | : Business & Economics |
| ISBN | : |
Download The Effectiveness of Fiscal Policy in Stimulating Economic Activity Book in PDF, ePub and Kindle
This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 47 |
| Release | : 2021-03-19 |
| Genre | : Business & Economics |
| ISBN | : 1513574469 |
Download Building Back Better: How Big Are Green Spending Multipliers? Book in PDF, ePub and Kindle
This paper provides estimates of output multipliers for spending in clean energy and biodiversity conservation, as well as for spending on non-ecofriendly energy and land use activities. Using a new international dataset, we find that every dollar spent on key carbon-neutral or carbon-sink activities can generate more than a dollar’s worth of economic activity. Although not all green and non-ecofriendly expenditures in the dataset are strictly comparable due to data limitations, estimated multipliers associated with spending on renewable and fossil fuel energy investment are comparable, and the former (1.1-1.5) are larger than the latter (0.5-0.6) with over 90 percent probability. These findings survive several robustness checks and lend support to bottom-up analyses arguing that stabilizing climate and reversing biodiversity loss are not at odds with continuing economic advances.
