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161223 ||| eng |
| 020 |
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|a 9781484307892
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| 100 |
1 |
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|a Matheson, Troy
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| 245 |
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0 |
|a Fiscal Multipliers for Brazil
|c Troy Matheson, Joana Pereira
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2016
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| 300 |
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|a 16 pages
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| 651 |
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4 |
|a Brazil
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Credit
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| 653 |
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|a Banks
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Banks and banking
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| 653 |
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|a Monetary economics
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| 653 |
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|a Financial institutions
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| 653 |
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|a Fiscal multipliers
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a State-owned banks
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| 653 |
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|a Fiscal policy
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| 653 |
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|a Mortgages
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| 653 |
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|a Money
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| 653 |
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|a National Government Expenditures and Related Policies: General
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| 653 |
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|a Expenditure
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Expenditures, Public
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| 653 |
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|a Bank credit
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Banking
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| 653 |
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|a Public Finance
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| 653 |
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|a Governmental Loans, Loan Guarantees, Credits, and Grants
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| 653 |
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|a Money and Monetary Policy
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| 700 |
1 |
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|a Pereira, Joana
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781484307892.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2016/079/001.2016.issue-079-en.xml?cid=43831-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a 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
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