| 000 | 01676nab a2200277 c 4500 | ||
|---|---|---|---|
| 999 |
_c141288 _d141288 |
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| 003 | ES-MaIEF | ||
| 005 | 20191015160322.0 | ||
| 007 | ta | ||
| 008 | 191015s2019 us ||||| |||| 00| 0|eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
||
| 041 | _aeng | ||
| 100 | 1 |
_967575 _aOjeda Joya, Jair Neftali |
|
| 245 | 4 |
_aThe size of fiscal multipliers and the stance of monetary policy in developing economies _c Jair N. Ojeda - Joya and Óscar E. Guzmán |
|
| 260 | _c2019 | ||
| 500 | _aResumen. | ||
| 504 | _aBibliografía. | ||
| 520 | _aImplementing fiscal programs during monetary policy expansions seems to improve significantly their economic stimulus. We find this result by estimating the effect of government consumption shocks on gross domestic product (GDP) using a panel of 23 developing economies. Our goal is to better understand the reasons for the low fiscal multipliers found in the literature by performing estimations for alternative exchange rate regimes, business‐cycle phases, and monetary policy stances. In addition, we perform counterfactual simulations to analyze the possible gains from fiscal‐monetary policy coordination. Our results also show lower multipliers in developing economies with flexible regimes, especially during economic slowdowns | ||
| 650 | 4 |
_948067 _aPOLITICA FISCAL |
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| 650 | 4 |
_947972 _aIMPUESTOS |
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| 650 | 4 |
_960117 _aEFECTO MULTIPLICADOR |
|
| 650 | 4 |
_aPOLITICA MONETARIA _948062 |
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| 650 | 4 |
_aPAISES EN DESARROLLO _947936 |
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| 700 | 1 |
_967576 _aGuzmán, Óscar E. |
|
| 773 | 0 |
_9161223 _oOP 1634/2019/4 _tContemporary Economic Policy _w(IEF)574 _x 1074-3529 [papel] _g v. 37, n. 4, October 2019, p. 621-640 |
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| 942 | _cART | ||