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...
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INFORMATION
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2010/02/01
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Document de travail de recherche sur les politiques
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WPS5220
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1
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1
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2010/07/01
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Disclosed
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Estimating the fiscal multiplier in Argentina
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fiscal multiplier