Procyclical Fiscal Policy : Shocks, Rules, and Institutions: A View From Mars

Shocks, Rules, and Institutions: A View From Mars

Procyclical Fiscal Policy : Shocks, Rules, and Institutions: A View From Mars
This paper assesses the roles of shocks, rules, and institutions as possible sources of procyclicality in fiscal policy. By employing parametric and nonparametric techniques, I reach the following four main conclusions. First, policymakers' reactions to the business cycle is different depending on the state of the economy-fiscal policy is... READ MORE...

Publication date: January 2006
ISBN 9781451862874
$15.00

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