Back to the Future: Fiscal Rules for Regaining Sustainability

Back to the Future: Fiscal Rules for Regaining Sustainability
This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal policy in Belize has been significantly procyclical and unsustainable much of the period since 1976. While the government’s recent... READ MORE...

Publication date: November 2019
ISBN 9781513519128
$18.00

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Publication date: November 2019

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