Do Fiscal Spillovers Matter? / Sebastian Weber, Anna Ivanova.

Format:

Book

Government document

Author/Creator:

Weber, Sebastian.

Contributor:

Ivanova, Anna.

Series:

IMF Working Papers; Working Paper ; No. 2011/211

IMF Working Papers

Language:

English

Subjects (All):

Fiscal policy--Econometric models.

Fiscal policy.

Economic development--Econometric models.

Economic development.

Physical Description:

1 online resource (63 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Language Note:

English

Summary:

The paper assesses the impact of fiscal spillovers on growth in the context of a coordinated exit from crisis management policies. We find that despite potentially sizeable domestic effects from consolidation, aggregate negative spillovers to other countries are likely to be contained in 2011-2012 unless fiscal multipliers and/or imports elasticities are very large. Small and open European economies, however, will be substantially affected in any case. In contrast, the coordinated exit from fiscal stimulus will have limited direct effect on European peripheral countries since they are relatively closed, with the notable exception of Ireland.

Contents:

Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Literature; III. Framework; A. Fiscal Spillover Framework; B. Measures of Fiscal Stance; IV. Simulation Results; A. Uniform Fiscal Shock; B. Actual Consolidation Plans; C. Alternative Scenarios; D. The Impact on Trade Balances; V. Conclusion; Footnotes

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed September 25, 2014).

ISBN:

9786613865700

9781463911959

1463911955

9781463953287

1463953283

9781283553254

1283553252

9781463976903

1463976909