The Pre-Crisis Capital Flow Surge to Emerging Europe : Did Countercyclical Fiscal Policy Make a Difference? /

A push-pull-brake model of capital flows is used to study the effects of fiscal policy changes on private capital flows to emerging Europe during 2000-07. In the model, countercyclical fiscal policy has two opposing effects on capital inflows: (i) a conventional absorptionreducing effect, as a tight...

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Detaylı Bibliyografya
Yazar: Atoyan, Ruben
Diğer Yazarlar: Jaeger, Albert, Smith, Dustin
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2012.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2012/222
Online Erişim:Full text available on IMF