This paper estimates the macroeconomic effects of social transfer payments to individuals for a sample of 23 developed and Latin American countries. The findings show that the social transfer multiplier is 0.3 in developed countries, but 0.9 in Latin American economies. The paper studies the role of hand-to-mouth consumers, who have no access to financial markets and a high marginal propensity to consume, as a first order factor to explain the heterogeneity...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2021/04/13
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Рабочий документ в рамках исследования вопросов политики
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WPS9627
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1
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1
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2021/04/13
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Disclosed
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Social Transfer Multipliers in Developed and Emerging Countries : The Role of Hand-to-Mouth Consumers
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social transfer
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Официальная версия документа (может содержать подписи, и т.д.)