A large and growing literature has argued that industrialized and developing countries behave very differently in relation to their fiscal policy stances over the business cycle. In this paper, the authors provide new evidence on the cyclicality of fiscal policy across industrialized and developing countries. The authors sample includes 180 countries, of which 134 are developing countries and 46 are high income countries over the period 1980-2012...
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详细
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2016/10/01
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工作文件
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108904
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1
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1
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2016/10/11
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Disclosed
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Revisiting the evidence on the cyclicality of fiscal policy across the World
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fiscal policy