LEADER 04697oam 22010934 450 001 9910788348103321 005 20230721045608.0 010 $a1-4623-0836-8 010 $a1-4527-9548-7 010 $a9786612842306 010 $a1-282-84230-7 010 $a1-4518-7155-4 035 $a(CKB)3170000000055190 035 $a(EBL)1608155 035 $a(SSID)ssj0000939929 035 $a(PQKBManifestationID)11483761 035 $a(PQKBTitleCode)TC0000939929 035 $a(PQKBWorkID)10946026 035 $a(PQKB)10913737 035 $a(OCoLC)467272563 035 $a(MiAaPQ)EBC1608155 035 $a(IMF)WPIEE2009008 035 $a(EXLCZ)993170000000055190 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Role for Counter-Cyclical Fiscal Policy in Singapore /$fLeif Eskesen 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (18 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1591-8 320 $aIncludes bibliographical references. 327 $aContents; 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 330 3 $aSingapore's policymakers have often used fiscal policy as a counter-cyclical tool. Empirical results based on a structural autoregression framework suggest that fiscal policy can be used for demand management, although the impact may be somewhat short lived. The short-lived impact could reflect a number of factors, including the absence of credit-constrained economic agents, a high propensity to save among households, monetary focus on price stability, and leakages due to economic openness. Notwithstanding, fiscal policy should still play a key stabilizing role in the current downturn given the downside risks to growth and the vast fiscal space. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/008 606 $aFiscal policy$zSingapore 606 $aEconomic policy 606 $aEconometrics$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aFiscal Policy$2imf 606 $aFiscal Policies and Behavior of Economic Agents: General$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aTime-Series Models$2imf 606 $aDynamic Quantile Regressions$2imf 606 $aDynamic Treatment Effect Models$2imf 606 $aDiffusion Processes$2imf 606 $aState Space Models$2imf 606 $aPublic finance & taxation$2imf 606 $aEconometrics & economic statistics$2imf 606 $aFiscal policy$2imf 606 $aExpenditure$2imf 606 $aFiscal stimulus$2imf 606 $aRevenue administration$2imf 606 $aStructural vector autoregression$2imf 606 $aEconometric analysis$2imf 606 $aExpenditures, Public$2imf 606 $aRevenue$2imf 607 $aSingapore$2imf 615 0$aFiscal policy 615 0$aEconomic policy. 615 7$aEconometrics 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aFiscal Policy 615 7$aFiscal Policies and Behavior of Economic Agents: General 615 7$aNational Government Expenditures and Related Policies: General 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aTime-Series Models 615 7$aDynamic Quantile Regressions 615 7$aDynamic Treatment Effect Models 615 7$aDiffusion Processes 615 7$aState Space Models 615 7$aPublic finance & taxation 615 7$aEconometrics & economic statistics 615 7$aFiscal policy 615 7$aExpenditure 615 7$aFiscal stimulus 615 7$aRevenue administration 615 7$aStructural vector autoregression 615 7$aEconometric analysis 615 7$aExpenditures, Public 615 7$aRevenue 700 $aEskesen$b Leif$01493524 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788348103321 996 $aThe Role for Counter-Cyclical Fiscal Policy in Singapore$93716532 997 $aUNINA