Public finance and monetary policies as economic stabilizer: unique or universal across countries?

Arwiphawee Srithongrung

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dc.creator	Arwiphawee Srithongrung
dc.date	2016
dc.date.accessioned	2022-03-23T19:03:44Z
dc.date.available	2022-03-23T19:03:44Z
dc.identifier	http://www.redalyc.org/articulo.oa?id=85943066001
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/114652
dc.description	This study examines dynamic effects of fiscal and monetary policies on growth of two distinctive groups: industrialized with high-income and non-industrialized with medium-income economies. The literature is mixed in recommending fiscal and monetary policies to stabilize a national economy, especially for non-industrialized countries. Unlike high-income and industrialized countries, in the non-industrialized countries, capital markets are imperfect; and hence, setting interest rates to target inflation or mitigate recessions will be ineffective because the level of cash flows do not reflect true investment demands, leading to failed monetization. Data were derived from 36 countries over a 31-year period. Panel Vector Auto Regression (PVAR) was used to mitigate endogeneity which is an inherent problem of panel data. The results confirm the major hypothesis.
dc.format	application/pdf
dc.language	en
dc.publisher	Universidad Autónoma de Ciudad Juárez
dc.relation	http://www.redalyc.org/revista.oa?id=859
dc.rights	NÓESIS. REVISTA DE CIENCIAS SOCIALES
dc.source	NÓESIS. REVISTA DE CIENCIAS SOCIALES (México) Num.49 Vol.25
dc.subject	Multidisciplinarias (Ciencias Sociales)
dc.subject	Government Spending
dc.subject	OECD
dc.subject	GDP Growth
dc.subject	Panel Vector Auto Regression
dc.subject	Medium-Income Country
dc.title	Public finance and monetary policies as economic stabilizer: unique or universal across countries?
dc.type	artículo científico