04697oam 22010934 450 991078834810332120230721045608.01-4623-0836-81-4527-9548-797866128423061-282-84230-71-4518-7155-4(CKB)3170000000055190(EBL)1608155(SSID)ssj0000939929(PQKBManifestationID)11483761(PQKBTitleCode)TC0000939929(PQKBWorkID)10946026(PQKB)10913737(OCoLC)467272563(MiAaPQ)EBC1608155(IMF)WPIEE2009008(EXLCZ)99317000000005519020020129d2009 uf 0engur|n|---|||||txtccrThe Role for Counter-Cyclical Fiscal Policy in Singapore /Leif EskesenWashington, D.C. :International Monetary Fund,2009.1 online resource (18 p.)IMF Working PapersDescription based upon print version of record.1-4519-1591-8 Includes bibliographical references.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; ReferencesSingapore'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.IMF Working Papers; Working Paper ;No. 2009/008Fiscal policySingaporeEconomic policyEconometricsimfMacroeconomicsimfPublic FinanceimfFiscal PolicyimfFiscal Policies and Behavior of Economic Agents: GeneralimfNational Government Expenditures and Related Policies: GeneralimfTaxation, Subsidies, and Revenue: GeneralimfTime-Series ModelsimfDynamic Quantile RegressionsimfDynamic Treatment Effect ModelsimfDiffusion ProcessesimfState Space ModelsimfPublic finance & taxationimfEconometrics & economic statisticsimfFiscal policyimfExpenditureimfFiscal stimulusimfRevenue administrationimfStructural vector autoregressionimfEconometric analysisimfExpenditures, PublicimfRevenueimfSingaporeimfFiscal policyEconomic policy.EconometricsMacroeconomicsPublic FinanceFiscal PolicyFiscal Policies and Behavior of Economic Agents: GeneralNational Government Expenditures and Related Policies: GeneralTaxation, Subsidies, and Revenue: GeneralTime-Series ModelsDynamic Quantile RegressionsDynamic Treatment Effect ModelsDiffusion ProcessesState Space ModelsPublic finance & taxationEconometrics & economic statisticsFiscal policyExpenditureFiscal stimulusRevenue administrationStructural vector autoregressionEconometric analysisExpenditures, PublicRevenueEskesen Leif1493524DcWaIMFBOOK9910788348103321The Role for Counter-Cyclical Fiscal Policy in Singapore3716532UNINA