02127cas a2200325 a 4500 AALejournalIMF022526 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400204708 1018-5941 BD-DhAAL BD-DhAAL Cunha, Daniel. Estimating the Employment and GDP Multiplier of Emergency Cash Transfers in Brazil / Daniel Cunha, Joana Pereira, Roberto Accioly Perrelli, Frederik Toscani. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (39 pages) IMF Working Papers <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 We estimate the subnational employment and GDP multiplier of Brazil's 2020 federal cash transfers to vulnerable households. Using two-stage least squares regressions we estimate a formal employment multiplier and then apply an analytical transformation to recover an implied GDP multiplier in the range of 0.5-1.5. The lower bound of this range lies below most estimates in the literature, which may result from the exceptional constraints imposed by the pandemic on supply chains and consumption. Nevertheless, even using the lower end of our range implies that federal cash transfers played an important role in supporting employment and GDP. Mode of access: Internet Finance in Urban and Rural Economies imf Fiscal Multipliers, Household Cash Transfers and Labor Informality imf Fiscal Policy imf National Government Expenditures and Welfare Programs imf Accioly Perrelli, Roberto. Pereira, Joana. Toscani, Frederik. IMF Working Papers; Working Paper ; No. 2022/055 Full text available on IMF http://elibrary.imf.org/view/journals/001/2022/055/001.2022.issue-055-en.xml IMF e-Library