02218cas a2200277 a 4500 AALejournalIMF015077 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498383905 2075-8669 BD-DhAAL BD-DhAAL Cerisola, Martin. Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries / Martin Cerisola, Chadi Abdallah, Victor Davies, Mark Fischer. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (31 pages) Technical Notes and Manuals <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This note is a reference guide to the econometric work on fiscal multipliers for MENAP countries. Spending and tax multipliers are estimated from conventional VAR models and identified using a sign-restrictions approach. Estimates show that fiscal multipliers tend to be small, except for those associated with government investment spending, which generally exceed unity. For the average MENAP country, fiscal multipliers for current spending, government consumption and government investment spending are 0.5, 0.8, and 1.1,respectively, while the tax revenues multiplier is estimated at around -0.4. There is also significant variation in the size of these multipliers across countries, consistent with differences in economic fundamentals, such as openness to trade and the flexibility of the exchange rate. The estimated multipliers are generally consistent with theoretical priors, and are in line with the evidence from the literature for other economies and categories of spending and taxes. Mode of access: Internet Abdallah, Chadi. Davies, Victor. Fischer, Mark. Technical Notes and Manuals; Technical Notes and Manuals ; No. 2015/001 Full text available on IMF http://elibrary.imf.org/view/journals/005/2015/001/005.2015.issue-001-en.xml IMF e-Library