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The Resource Stochastic trends, debt sustainability and fiscal policy, prepared by Karim Barhoumi, Reda Cherif, and Nooman Rebei

Stochastic trends, debt sustainability and fiscal policy, prepared by Karim Barhoumi, Reda Cherif, and Nooman Rebei

Label
Stochastic trends, debt sustainability and fiscal policy
Title
Stochastic trends, debt sustainability and fiscal policy
Statement of responsibility
prepared by Karim Barhoumi, Reda Cherif, and Nooman Rebei
Creator
Contributor
Author
Issuing body
Subject
Genre
Language
eng
Summary
We study empirically the reaction of fiscal policy to changes in the permanent and transitory components of GDP in a panel of countries. We find evidence that government spending tends to be counter-cyclical conditional on temporary shocks and pro-cyclical conditional on permanent shocks. We also find no evidence that developing countries are systematically different from developed ones in terms of fiscal policy. We present a theory featuring a fiscal reaction function to the output gap and a measure of debt sustainability. The fiscal impulse response to a permanent (temporary) shock to GDP is positive (negative) as the effect on debt sustainability (current output gap) dominates. The results are mostly sensitive to the relative weight of debt sustainability in the fiscal reaction function as well as to the extent of real rigidities in the economy.--Abstract
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Barhoumi, Karim
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 No. 16/59 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1972
http://library.link/vocab/relatedWorkOrContributorName
  • Cherif, Reda
  • Rebei, Nooman
  • International Monetary Fund
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/16/59
http://library.link/vocab/subjectName
  • Debts, Public
  • Business cycles
  • Fiscal policy
  • Business cycles
  • Debts, Public
  • Fiscal policy
Label
Stochastic trends, debt sustainability and fiscal policy, prepared by Karim Barhoumi, Reda Cherif, and Nooman Rebei
Instantiates
Publication
Copyright
Note
  • "Institute for Capacity Development and African Department."
  • "March 2016."
Bibliography note
Includes bibliographical references (pages 28-30)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
944952114
Extent
1 online resource (45 pages)
Form of item
online
Isbn
9781513574677
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781513574677.001
Other physical details
illustrations
Specific material designation
remote
System control number
  • imfWPIEA2016059
  • (IMF)WPIEA2016059
  • (OCoLC)944952114
Label
Stochastic trends, debt sustainability and fiscal policy, prepared by Karim Barhoumi, Reda Cherif, and Nooman Rebei
Publication
Copyright
Note
  • "Institute for Capacity Development and African Department."
  • "March 2016."
Bibliography note
Includes bibliographical references (pages 28-30)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
944952114
Extent
1 online resource (45 pages)
Form of item
online
Isbn
9781513574677
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781513574677.001
Other physical details
illustrations
Specific material designation
remote
System control number
  • imfWPIEA2016059
  • (IMF)WPIEA2016059
  • (OCoLC)944952114

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