The Growth and Stabilization Properties of Fiscal Policy in Malaysia
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Summary:
This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government spending shock leads to broad positive economic effects. Although, the effectiveness of fiscal policy alters across macroeconomic states. The estimates show that since the Asian financial crisis the medium- and long-run effect of fiscal policy spending has declined. Some of this is down to greater credit availability and less investment spending.
Series:
Working Paper No. 2013/149
Subject:
Expenditure Financial crises Fiscal multipliers Fiscal policy Fiscal stimulus National accounts Private consumption
English
Publication Date:
June 19, 2013
ISBN/ISSN:
9781484337912/1018-5941
Stock No:
WPIEA2013149
Pages:
48
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