Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World /

This paper documents the spread of fiscal rules in the developing world and investigates the relation between fiscal rules and procyclical fiscal policy. We find that, since the early 2000s, developing countries outnumbered advanced economies as users of fiscal rules. Rules were adopted either as pa...

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Bibliographic Details
Main Author: Bova, Elva
Other Authors: Carcenac, Nathalie, Guerguil, Martine
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2014.
Series:IMF Working Papers; Working Paper ; No. 2014/122
Online Access:Full text available on IMF