| Description |
1 online resource (16 pages) : color illustrations |
| Series |
IMF working paper, 1018-5941 ; WP/16/79 |
|
IMF working paper ; WP/16/79.
|
| Contents |
Cover; Contents; Abstract; I. Fiscal Policy and Growth in Brazil since the Global Financial Crisis; II. Fiscal Multipliers in Brazil: What do we know?; III. Methodology; IV. Estimated Fiscal Multipliers; V. Have the Multipliers Changed?; VI. Robustness; VII. Policy Implications; VIII. Appendix; IX. References; Figures; 1. Fiscal Stimulus and Ecnomic Growth; 2. Brazil: Basic Multipliers; 3. Multipliers: Basic Shocks; 4. Multipliers: Credit Shocks; 5. Brazil: Basic Multipliers |
| Summary |
We find historical fiscal multipliers for Brazil around 0.5, larger than what existing literature typically identifies for the average emerging market. However, spending and public credit multipliers seem to have dropped to near zero since the global financial crisis, as the estimate for the whole sample period (1999-2014) is about ½ of that for precrisis years. By contrast, revenue multipliers have remained broadly stable. We conclude that fiscal consolidations based on expenditure and public credit retrenchment are likely to entail a modest drag on growth in the near term.--Abstract |
| Notes |
"March 2016." |
|
At head of title: "Western Hemisphere Department." |
| Bibliography |
Includes bibliographical references (page 15) |
| Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed March 28, 2016) |
| Subject |
Multiplier (Economics)
|
|
National income -- Brazil
|
|
Expenditures, Public.
|
|
Government spending policy -- Brazil
|
|
Fiscal policy -- Brazil
|
|
Expenditures, Public.
|
|
Fiscal policy.
|
|
Government spending policy.
|
|
Multiplier (Economics)
|
|
National income.
|
|
Brazil.
|
| Form |
Electronic book
|
| Author |
Pereira, Joana, author, (IMFstaff)
|
|
International Monetary Fund. Western Hemisphere Department, issuing body.
|
| ISBN |
1484307895 |
|
9781484307892 |
| ISSN |
1018-5941 |
|
