Click here for search results
Estimating the fiscal multiplier in Argentina, Volume 1
Author:Anos-Casero, Paloma; Cerdeiro, Diego; Trezzi, Riccardo; Country:Argentina;
Date Stored:2010/02/26Document Date:2010/02/01
Document Type:Policy Research Working PaperSubTopics:Economic Stabilization; Economic Theory & Research; Emerging Markets; Debt Markets; Fiscal Adjustment
Language:EnglishRegion:Latin America & Caribbean
Report Number:WPS5220Collection Title:Policy Research working paper ; no. WPS 5220
Volume No:1  

Summary: 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.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 17 pagesOfficial version*1.19 (approx.)
TextText version**
How To Order

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page: