TY - BOOK ID - 137034593 TI - Estimating the Fiscal Multiplier in Argentina AU - Trezzi, Riccardo AU - Anos-Casero, Paloma AU - Cerdeiro, Diego PY - 2010 PB - Washington, D.C., The World Bank, DB - UniCat KW - Auction KW - Bids KW - Credit lines KW - Debt Markets KW - Economic Stabilization KW - Economic Theory & Research KW - Emerging economies KW - Emerging Markets KW - Expenditures KW - Finance and Financial Sector Development KW - Financial crisis KW - Fiscal Adjustment KW - Fiscal policies KW - Fiscal policy KW - Income tax KW - Infrastructure investment KW - International bank KW - Liquidity KW - Liquidity constraints KW - Macroeconomics and Economic Growth KW - Pension KW - Pension funds KW - Private Sector Development KW - Return KW - Safety nets KW - Tax KW - Tax collection KW - Time deposits UR - https://www.unicat.be/uniCat?func=search&query=sysid:137034593 AB - Argentina's government has resorted to fiscal policy as a countercyclical tool to mitigate the negative impact of the current economic downturn on aggregate demand. Empirical results based on a vector error correction model suggest, however, that the fiscal multiplier is relatively small and short-lived. This could reflect a number of factors, including the higher propensity of households to save during the economic downturn, the implementation lag of public expenditures, particularly of capital expenditures, and the narrow tax base that limits the impact of countercyclical revenue measures on domestic demand. ER -