Estimating the Fiscal Multiplier in Argentina
Argentina's government has resorted to fiscal policy as a countercyclical tool to mitigate the negative impact of the current economic downturn on aggregate demand. Empirical results based on a vector error correction model suggest, however, t...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100226102651 http://hdl.handle.net/10986/3707 |
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okr-10986-37072021-04-23T14:02:12Z Estimating the Fiscal Multiplier in Argentina Anos-Casero, Paloma Cerdeiro, Diego Trezzi, Riccardo AGGREGATE DEMAND AUCTION AUTOREGRESSION BIDS BONDS BORROWING CAPITAL EXPENDITURES CAPITAL REPATRIATION COMMODITY COMMODITY EXPORTS CONSUMPTION INCREASES CREDIT LINES CREDITORS DUMMY VARIABLES ECONOMIC ACTIVITY ECONOMIC DOWNTURN ECONOMIC FLUCTUATIONS ECONOMIC RESEARCH ECONOMIC SLOWDOWN ELASTICITY EMERGING ECONOMIES EMERGING-MARKET EXPENDITURE EXPENDITURE INCREASE EXPENDITURES EXPORTS EXTERNAL SHOCKS FINANCIAL CRISIS FISCAL IMPACT FISCAL MEASURES FISCAL MULTIPLIERS FISCAL POLICIES FISCAL POLICY FISCAL SHOCKS FISCAL STIMULUS GDP GOVERNMENT CONSUMPTION GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT INVESTMENT GOVERNMENT REVENUES GOVERNMENT SPENDING INCOME INCOME TAX INFLATION INFORMAL SECTOR INFRASTRUCTURE INVESTMENT INTEREST RATE INTERNATIONAL BANK INTERNATIONAL MONETARY FUND LIQUIDITY LIQUIDITY CONSTRAINTS MONETARY FUND MONETARY POLICY OUTPUT PENSION PENSION FUNDS PRICE STABILITY PRIVATE PENSION PUBLIC EXPENDITURES PUBLIC INVESTMENT RETURN SAFETY NET SAFETY NETS SAVINGS SOCIAL SAFETY NET SOCIAL SECURITY TAX TAX COLLECTION TAX REVENUES TIME DEPOSITS TRANSMISSION MECHANISM TREASURY Argentina's government has resorted to fiscal policy as a countercyclical tool to mitigate the negative impact of the current economic downturn on aggregate demand. Empirical results based on a vector error correction model suggest, however, that the fiscal multiplier is relatively small and short-lived. This could reflect a number of factors, including the higher propensity of households to save during the economic downturn, the implementation lag of public expenditures, particularly of capital expenditures, and the narrow tax base that limits the impact of countercyclical revenue measures on domestic demand. 2012-03-19T18:38:16Z 2012-03-19T18:38:16Z 2010-02-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100226102651 http://hdl.handle.net/10986/3707 English Policy Research working paper ; no. WPS 5220 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Latin America & Caribbean Latin America & Caribbean South America America Argentina |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AGGREGATE DEMAND AUCTION AUTOREGRESSION BIDS BONDS BORROWING CAPITAL EXPENDITURES CAPITAL REPATRIATION COMMODITY COMMODITY EXPORTS CONSUMPTION INCREASES CREDIT LINES CREDITORS DUMMY VARIABLES ECONOMIC ACTIVITY ECONOMIC DOWNTURN ECONOMIC FLUCTUATIONS ECONOMIC RESEARCH ECONOMIC SLOWDOWN ELASTICITY EMERGING ECONOMIES EMERGING-MARKET EXPENDITURE EXPENDITURE INCREASE EXPENDITURES EXPORTS EXTERNAL SHOCKS FINANCIAL CRISIS FISCAL IMPACT FISCAL MEASURES FISCAL MULTIPLIERS FISCAL POLICIES FISCAL POLICY FISCAL SHOCKS FISCAL STIMULUS GDP GOVERNMENT CONSUMPTION GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT INVESTMENT GOVERNMENT REVENUES GOVERNMENT SPENDING INCOME INCOME TAX INFLATION INFORMAL SECTOR INFRASTRUCTURE INVESTMENT INTEREST RATE INTERNATIONAL BANK INTERNATIONAL MONETARY FUND LIQUIDITY LIQUIDITY CONSTRAINTS MONETARY FUND MONETARY POLICY OUTPUT PENSION PENSION FUNDS PRICE STABILITY PRIVATE PENSION PUBLIC EXPENDITURES PUBLIC INVESTMENT RETURN SAFETY NET SAFETY NETS SAVINGS SOCIAL SAFETY NET SOCIAL SECURITY TAX TAX COLLECTION TAX REVENUES TIME DEPOSITS TRANSMISSION MECHANISM TREASURY |
| spellingShingle |
AGGREGATE DEMAND AUCTION AUTOREGRESSION BIDS BONDS BORROWING CAPITAL EXPENDITURES CAPITAL REPATRIATION COMMODITY COMMODITY EXPORTS CONSUMPTION INCREASES CREDIT LINES CREDITORS DUMMY VARIABLES ECONOMIC ACTIVITY ECONOMIC DOWNTURN ECONOMIC FLUCTUATIONS ECONOMIC RESEARCH ECONOMIC SLOWDOWN ELASTICITY EMERGING ECONOMIES EMERGING-MARKET EXPENDITURE EXPENDITURE INCREASE EXPENDITURES EXPORTS EXTERNAL SHOCKS FINANCIAL CRISIS FISCAL IMPACT FISCAL MEASURES FISCAL MULTIPLIERS FISCAL POLICIES FISCAL POLICY FISCAL SHOCKS FISCAL STIMULUS GDP GOVERNMENT CONSUMPTION GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT INVESTMENT GOVERNMENT REVENUES GOVERNMENT SPENDING INCOME INCOME TAX INFLATION INFORMAL SECTOR INFRASTRUCTURE INVESTMENT INTEREST RATE INTERNATIONAL BANK INTERNATIONAL MONETARY FUND LIQUIDITY LIQUIDITY CONSTRAINTS MONETARY FUND MONETARY POLICY OUTPUT PENSION PENSION FUNDS PRICE STABILITY PRIVATE PENSION PUBLIC EXPENDITURES PUBLIC INVESTMENT RETURN SAFETY NET SAFETY NETS SAVINGS SOCIAL SAFETY NET SOCIAL SECURITY TAX TAX COLLECTION TAX REVENUES TIME DEPOSITS TRANSMISSION MECHANISM TREASURY Anos-Casero, Paloma Cerdeiro, Diego Trezzi, Riccardo Estimating the Fiscal Multiplier in Argentina |
| geographic_facet |
Latin America & Caribbean Latin America & Caribbean South America America Argentina |
| relation |
Policy Research working paper ; no. WPS 5220 |
| description |
Argentina's government has resorted
to fiscal policy as a countercyclical tool to mitigate the
negative impact of the current economic downturn on
aggregate demand. Empirical results based on a vector error
correction model suggest, however, that the fiscal
multiplier is relatively small and short-lived. This could
reflect a number of factors, including the higher propensity
of households to save during the economic downturn, the
implementation lag of public expenditures, particularly of
capital expenditures, and the narrow tax base that limits
the impact of countercyclical revenue measures on domestic demand. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Anos-Casero, Paloma Cerdeiro, Diego Trezzi, Riccardo |
| author_facet |
Anos-Casero, Paloma Cerdeiro, Diego Trezzi, Riccardo |
| author_sort |
Anos-Casero, Paloma |
| title |
Estimating the Fiscal Multiplier in Argentina |
| title_short |
Estimating the Fiscal Multiplier in Argentina |
| title_full |
Estimating the Fiscal Multiplier in Argentina |
| title_fullStr |
Estimating the Fiscal Multiplier in Argentina |
| title_full_unstemmed |
Estimating the Fiscal Multiplier in Argentina |
| title_sort |
estimating the fiscal multiplier in argentina |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100226102651 http://hdl.handle.net/10986/3707 |
| _version_ |
1764387919786672128 |