European Parliament Library

Fiscal Multipliers for Brazil, Troy Matheson, Joana Pereira

Contributor
Abstract
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
Table Of Contents
Cover; Contents; Abstract; I. Fiscal Policy and Growth in Brazil since the Global Financial Crisis; II. Fiscal Multipliers in Brazil: What do we know?; III. Methodology; IV. Estimated Fiscal Multipliers; V. Have the Multipliers Changed?; VI. Robustness; VII. Policy Implications; VIII. Appendix; IX. References; Figures; 1. Fiscal Stimulus and Economic Growth; 2. Brazil: Basic Multipliers; 3. Multipliers: Basic Shocks; 4. Multipliers: Credit Shocks; 5. Brazil: Basic Multipliers
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (17 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475525663

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