Why Is Fiscal Policy Often Procyclical
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Language: en
Pages: 62
Pages: 62
Type: BOOK - Published: 2005 - Publisher:
Many countries, especially developing ones, follow procyclical fiscal polices, namely spending goes up (taxes go down) in booms and spending goes down (taxes go
Language: en
Pages: 354
Pages: 354
Type: BOOK - Published: 2007-10-19 - Publisher: World Bank Publications
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, wit
Language: en
Pages: 46
Pages: 46
Type: BOOK - Published: 2007 - Publisher: World Bank Publications
This paper surveys fiscal policy in developing countries from the point of view of long-run growth. The first section reviews existing methodologies to estimate
Language: en
Pages: 286
Pages: 286
Type: BOOK - Published: 2012-10 - Publisher: World Bank Publications
Fiscal policy is an important instrument for maintaining and improving living standards. Such living standards can be viewed as an outcome of the interaction be
Language: en
Pages: 78
Pages: 78
Type: BOOK - Published: 2018-12-28 - Publisher: Springer
Conventional wisdom dictates that a fiscal policy should be counter-cyclical. However, contrary to this conventional views, recent research has demonstrated tha