| Description |
1 online resource (16 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/09/8 |
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IMF working paper ; WP/09/8.
|
| Contents |
I. Introduction; II. Cross-Country Evidence on the Counter-cyclical Role of Fiscal Policy; Figures; 1. Fiscal Multipliers from SVAR and Macroeconometric Models- Cross-Country Evidence; III. The Counter-cyclical Role of Fiscal Policy in Singapore; A. Empirical Approach; B. Empirical Results; 2. Fiscal Multipliers-SVAR Results; 3. Fiscal Multipliers-SVAR Results; IV. The Role for Fiscal Policy in the Current Downturn; V. Concluding Remarks; References |
| Summary |
Singapore's policymakers have often used fiscal policy as a counter-cyclical tool. Empirical results based on a structural autoregression framework suggest that fiscal policy can be used for demand management, although the impact may be somewhat short lived. The short-lived impact could reflect a number of factors, including the absence of credit-constrained economic agents, a high propensity to save among households, monetary focus on price stability, and leakages due to economic openness. Notwithstanding, fiscal policy should still play a key stabilizing role in the current downturn given the downside risks to growth and the vast fiscal space |
| Notes |
At head of title: Asia and Pacific Department |
|
"January 2009." |
| Bibliography |
Includes bibliographical references (pages 15-16) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
English |
|
Print version record |
|
digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Fiscal policy -- Singapore -- Econometric models
|
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Business cycles -- Singapore -- Econometric models
|
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Business cycles -- Econometric models
|
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Economic history
|
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Fiscal policy -- Econometric models
|
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Antizyklische Finanzpolitik.
|
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Singapur.
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| SUBJECT |
Singapore -- Economic conditions -- Econometric models
|
| Subject |
Singapore
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. Asia and Pacific Department.
|
| ISBN |
1282842307 |
|
9781282842304 |
|
1451915918 |
|
9781451915914 |
|
1462308368 |
|
9781462308361 |
|
1452795487 |
|
9781452795485 |
|
9786612842306 |
|
661284230X |
|
1451871554 |
|
9781451871555 |
|
