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...

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Xehetasun bibliografikoak
Egile nagusia: Manasse, Paolo
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2006.
Saila:IMF Working Papers; Working Paper ; No. 2006/027
Sarrera elektronikoa:Full text available on IMF