Deep Roots of Fiscal Behavior

Deep Roots of Fiscal Behavior
This paper investigates the determinants of fiscal policy behavior and its time-varying volatility, using panel data for a broad set of advanced and emerging market economies during the period 1990–2012. The empirical results show that discretionary fiscal policy is influenced by policy inertia, the level of public debt, and the output gap in... READ MORE...

Publication date: March 2014
ISBN 9781475516111
$18.00

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