The cyclical behaviour of fiscal policy: are developing countries different, and do institutions matter?
The available empirical evidence shows that fiscal authorities commonly revert to procyclical fiscal policies instead of following the normative prescription of budgetary countercyclicality. The available empirical studies suggest that this phenomenon may be attributed to weak fiscal institutions....
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2023-04-01
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| Series: | Technological and Economic Development of Economy |
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| Online Access: | https://mma.vgtu.lt/index.php/TEDE/article/view/18709 |