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Why Do Fiscal Multipliers Depend on Fiscal Positions? (English)

The fiscal position can affect fiscal multipliers through two channels. Through the Ricardian channel, households reduce consumption in anticipation of future fiscal adjustments when fiscal stimulus is implemented from a weak fiscal position. ... See More +

Policy Research Working Paper WPS8784 MAR 20, 2019

Huidrom,Raju; Kose,Ayhan; Lim,Jamus Jerome; Ohnsorge,Franziska Lieselotte Disclosed

How important are spillovers from major emerging markets ? (English)

The seven largest emerging market economies -- China, India, Brazil, Russia, Mexico, Indonesia, and Turkey -- constituted more than one-quarter of global output and more than half of global output growth during 2010-15. ... See More +

Policy Research Working Paper WPS8093 JUN 07, 2017

Huidrom,Raju; Kose,Ayhan; Ohnsorge,Franziska Lieselotte Disclosed

Challenges of fiscal policy in emerging and developing economies (English)

This paper presents a systematic analysis of the availability and use of fiscal space in emerging and developing economies. These economies built fiscal space in the run-up to the Great Recession of 2008-09, which was then used for stimulus. ... See More +

Policy Research Working Paper WPS7725 JUN 22, 2016

Huidrom,Raju; Kose,Ayhan; Ohnsorge,Franziska Lieselotte Disclosed

Do fiscal multipliers depend on fiscal positions ? (English)

This paper analyzes the relationship between fiscal multipliers and fiscal positions of governments using an Interactive Panel Vector Auto Regression model and a large data-set of advanced and developing economies. ... See More +

Policy Research Working Paper WPS7724 JUN 22, 2016

Huidrom,Raju; Kose,Ayhan; Lim,Jamus Jerome; Ohnsorge,Franziska Lieselotte Disclosed

Global economic prospects : spillovers amid weak growth (English)

Global growth again fell short of expectations in 2015. Growth is projected to edge up in 2016-18 but the forecast is subject to substantial downside risks. ... See More +

Publication 102968 JAN 01, 2016

Arteta,Carlos; Stocker,Marc; Vashakmadze,Ekaterine T.; Eigen-Zucchi,Christian; Chen,Derek Hung Chiat; Vorisek,Dana Lauren; Shaukat Khan,Tehmina; Kambou,Gerard; Huidrom,Raju; Kose,Ayhan; Ohnsorge,Franziska Lieselotte; Lakatos,Csilla; Maliszewska,Maryla; Petri,Peter A.; Plummer,Michael George; Klein,Maximilian Michael Johann; Shambaugh,Jay Curtis Disclosed

DECPG global monthly newsletter (English)

This issue highlights the following headings: overview; chart of the month; special focus: fiscal policy challenges in developing economies; and monthly highlights. ... See More +

Newsletter 99340 APR 01, 2015

Stocker,Marc; Baffes,John; Huidrom,Raju; Kim,Eung Ju; Vashakmadze,Ekaterine T. Disclosed