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Fiscal Multipliers in the ECCU

The multipliers of taxes, and government consumption and investment expenditure for the Eastern Caribbean Currency Union (ECCU) are estimated using vector autoregression models with panel data. The impact and long-run multipliers are below unity, suggesting that a great extent of the intended impuls...

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Bibliographic Details
Main Author: Gonzalez-Garcia, Jesus
Other Authors: Lemus, Antonio, Mrkaic, Mico
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Working Papers
Subjects:
National Government Expenditures And Related Policies: Infrastructures
Revenue Administration
Public Investment Spending
Public Finance & Taxation
Fiscal Multipliers
Fiscal Policy
Other Public Investment And Capital Stock
National Government Expenditures And Related Policies: General
Expenditure
Taxation, Subsidies, And Revenue: General
Expenditures, Public
Macroeconomics
Public Investments
Public Finance
Revenue
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The multipliers of taxes, and government consumption and investment expenditure for the Eastern Caribbean Currency Union (ECCU) are estimated using vector autoregression models with panel data. The impact and long-run multipliers are below unity, suggesting that a great extent of the intended impulse ends up expanding imported demand. The long-run multipliers of taxes and consumption expenditure are non-different from zero statistically, while public investment has a long-run multiplier of 0.6. The results suggest that countercyclical policies to stimulate growth should focus on public investment
Physical Description:17 pages
ISBN:9781484359914

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