Bank of Colombia paper charts fiscal multipliers in developing countries

Central Bank of Colombia: new research

Research published by the Central Bank of Colombia finds fiscal multipliers in developing economies may increase if central banks delay rate rises during periods of fiscal expansion.

In emerging countries, multipliers are found to be higher in fixed exchange rate regimes, during economic booms and monetary expansions. Countries with a floating exchange rate could enjoy bigger benefits by enhancing fiscal-monetary policy co-ordination, the authors say.

In fixed regimes, the GDP response is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: