The Role for Counter-Cyclical Fiscal Policy in Singapore / / Leif Eskesen

• Autore: Eskesen Leif
• 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
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/008