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Autore: | Eskesen Leif |
Titolo: | The Role for Counter-Cyclical Fiscal Policy in Singapore / / Leif Eskesen |
Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica: | 1 online resource (18 p.) |
Soggetto topico: | Fiscal policy - Singapore |
Economic policy | |
Econometrics | |
Macroeconomics | |
Public Finance | |
Fiscal Policy | |
Fiscal Policies and Behavior of Economic Agents: General | |
National Government Expenditures and Related Policies: General | |
Taxation, Subsidies, and Revenue: General | |
Time-Series Models | |
Dynamic Quantile Regressions | |
Dynamic Treatment Effect Models | |
Diffusion Processes | |
State Space Models | |
Public finance & taxation | |
Econometrics & economic statistics | |
Fiscal policy | |
Expenditure | |
Fiscal stimulus | |
Revenue administration | |
Structural vector autoregression | |
Econometric analysis | |
Expenditures, Public | |
Revenue | |
Soggetto geografico: | Singapore |
Note generali: | Description based upon print version of record. |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | 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 |
Sommario/riassunto: | 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. |
Titolo autorizzato: | The Role for Counter-Cyclical Fiscal Policy in Singapore |
ISBN: | 1-4623-0836-8 |
1-4527-9548-7 | |
9786612842306 | |
1-282-84230-7 | |
1-4518-7155-4 | |
Formato: | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910788348103321 |
Lo trovi qui: | Univ. Federico II |
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