Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World

Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World
This paper documents the spread of fiscal rules in the developing world and investigates the relation between fiscal rules and procyclical fiscal policy. We find that, since the early 2000s, developing countries outnumbered advanced economies as users of fiscal rules. Rules were adopted either as part of the toolkit to join currency unions or to... READ MORE...

Publication date: July 2014
ISBN 9781498305525
$18.00

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