Eskesen, Leif Lybecker - International Monetary Fund (IMF) - 2009
Singapore's policymakers have often used fiscal policy as a counter-cyclical tool. Empirical results based on a … structural autoregression framework suggest that fiscal policy can be used for demand management, although the impact may be … openness. Notwithstanding, fiscal policy should still play a key stabilizing role in the current downturn given the downside …