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The role for counter-cyclical fiscal policy in Singapore /
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...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
©2009.
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| Colección: | IMF working paper ;
WP/09/8. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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. |
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| Notas: | At head of title: Asia and Pacific Department. "January 2009." |
| Descripción Física: | 1 online resource (16 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 15-16). |
| ISBN: | 1282842307 9781282842304 1451915918 9781451915914 1462308368 9781462308361 1452795487 9781452795485 9786612842306 661284230X 1451871554 9781451871555 |
| ISSN: | 2227-8885 ; |