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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