The Leading eBooks Store Online 4,272,009 members ⚫ 1,419,367 ebooks

New to eBooks.com?

Learn more

Fiscal Multipliers in Bulgaria: Low But Still Relevant

Fiscal Multipliers in Bulgaria: Low But Still Relevant by Dirk Muir
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
With fiscal adjustment proceeding quickly in Bulgaria and given the weak economic growth environment, there is keen interest in making the budget composition more growth friendly. This paper quantifies the short-term impact of fiscal policy on economic activity in Bulgaria using econometric and model-based approaches. While fiscal multipliers have been modest in the past, as can be expected in a small open emerging economy, the effect on output is not independent of the speed of adjustment and the specific consolidation measures used. The impact of fiscal policy on economic activity is larger in downturns than in expansions and capital spending and direct taxes are associated with the largest effects on output, while non-targeted government transfers and indirect taxes are associated with a smaller impact. The results suggest that increased capital spending financed by higher indirect tax revenue collections through base broadening has sizeable growth effects over the medium and long-term.
International Monetary Fund; February 2013
19 pages; ISBN 9781475534344
Read online, or download in secure EPUB or secure PDF format
Title: Fiscal Multipliers in Bulgaria: Low But Still Relevant
Author: Dirk Muir; Anke Weber
 
ISBNs
1475534345
9781475534344
9781475539561
9781475560473