The Growth and Stabilization Properties of Fiscal Policy in Malaysia
| Autor: | Sohrab Rafiq |
|---|---|
| Rok vydání: | 2013 |
| Předmět: |
Government spending
Shock (economics) Financial crisis Monetary policy Fiscal multiplier Economics General Earth and Planetary Sciences Economic model Monetary economics Investment (macroeconomics) General Environmental Science Fiscal policy External shocks Economic models Economic growth Malaysia Government expenditures Stabilization Multipliers Time-variation government spending fiscal multipliers fiscal stimulus government spending shocks Monetary Policy (Targets Instruments and Effects) Open Economy Macroeconomics |
| Popis: | This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government spending shock leads to broad positive economic effects. Although, the effectiveness of fiscal policy alters across macroeconomic states. The estimates show that since the Asian financial crisis the medium- and long-run effect of fiscal policy spending has declined. Some of this is down to greater credit availability and less investment spending. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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