Policy Coordination in Fiscal Federalism : Drawing Lessons From the Dubai Debt Crisis

Drawing Lessons From the Dubai Debt Crisis

Policy Coordination in Fiscal Federalism : Drawing Lessons From the Dubai Debt Crisis
Using the cyclically adjusted non-hydrocarbon primary balance, this paper investigates the evolution of the fiscal policy stance in the United Arab Emirates at consolidated and sub-national levels in the run-up and after the crisis. The empirical findings show that procyclical fiscal policies prior to the crisis reinforced the financial sector... READ MORE...

Publication date: June 2011
ISBN 9781455269457
$18.00

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