Download This PaperRegime-Switching and Fiscal Policy: Evidence from Selected Economies
21 Pages Posted: 12 Jun 2016
Date Written: June 5, 2015
Abstract
This paper explores the effects of changes in tax regime and fiscal policy among selected economies of Central America and the Caribbean. The results show how agents respond to changes in tax regimes and the impact upon investment, consumption and output growth. The findings will assist in determining allocation of income, consumption and investment, as agents make inference regarding regime-switching of tax regimes.
Keywords: Regime-switching, Fiscal policy, Developing economies
JEL Classification: H63, E20, O54
Suggested Citation: Suggested Citation
Wright, Allan and Ramirez de Leon, Francisco, Regime-Switching and Fiscal Policy: Evidence from Selected Economies (June 5, 2015). Central Bank of Barbados WP/15/5, Available at SSRN: https://ssrn.com/abstract=2794210 or http://dx.doi.org/10.2139/ssrn.2794210
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