The Cyclicality of Fiscal Policy in the Middle East and Central Asia : Is the Current Crisis Different?

Is the Current Crisis Different?

The Cyclicality of Fiscal Policy in the Middle East and Central Asia : Is the Current Crisis Different?
The countries of the Middle East and North Africa, and the Caucasus and Central Asia have the highest output volatility in the world. Fiscal policy is a powerful tool that can help dampen the business cycles. This paper analyzes the cyclical properties of fiscal policy in the region during the past four decades and explores whether the response... READ MORE...

Publication date: March 2010
ISBN 9781451982121
$18.00

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