Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Asia and Pacific Department.
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| ISBN: | 1282842307
9781282842304
1451915918
9781451915914
1462308368
9781462308361
1452795487
9781452795485
9786612842306
661284230X
1451871554
9781451871555
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| Digital file characteristics: | text file
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| Notes: | At head of title: Asia and Pacific Department.
"January 2009."
Includes bibliographical references (pages 15-16).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Singapore's policymakers have often used fiscal policy as a counter-cyclical tool. Empirical results based on a structural autoregression framework suggest that fiscal policy can be used for demand management, although the impact may be somewhat short lived. The short-lived impact could reflect a number of factors, including the absence of credit-constrained economic agents, a high propensity to save among households, monetary focus on price stability, and leakages due to economic openness. Notwithstanding, fiscal policy should still play a key stabilizing role in the current downturn given the downside risks to growth and the vast fiscal space.
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| Other form: | Print version: Eskesen, Leif Lybecker. Role for counter-cyclical fiscal policy in Singapore. Washington, D.C. : International Monetary Fund, ©2009
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| Standard no.: | 10.5089/9781451915914.001
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