Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Western Hemisphere > Chile

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models x
  • Public Finance x
  • Finance and accounting x
  • Taxation, Subsidies, and Revenue: General x
Clear All Modify Search
Cover IMF Working Papers
How Big are Fiscal Multipliers in Latin America?
Jorge Restrepo
This paper uses the strategy and data of Blanchard and Perotti (BP) to identify fiscal shocks and estimate fiscal multipliers for the United States. With these results, it computes the cumulative multiplier of Ramey and Zubairy (2018), now common in the literature. It finds that, contrary to the peak and through multipliers reported by BP, the cumulative tax multiplier is much larger than the cumulative spending one. Hence, the conclusions depend on the definition of multiplier. This methodology is also used to estimate the effects of fiscal shocks on economic activity in eight Latin American countries. The results suggest that the fiscal multipliers vary significantly across countries, and in some cases multipliers are larger than previously estimated.
Keywords:
WP; tax multiplier; SVAR trough multiplier; cumulative multiplier; peak multiplier; cummulative multiplier; Structural vector autoregression; Vector autoregression; Fiscal multipliers; Western Hemisphere; Caribbean; Global; Macroeconomic Policy; Stabilization; Fiscal Policy; Multipliers