Stochastic Trends, Debt Sustainability and Fiscal Policy /
We study empirically the reaction of fiscal policy to changes in the permanent and transitory components of GDP in a panel of countries. We find evidence that government spending tends to be counter-cyclical conditional on temporary shocks and pro-cyclical conditional on permanent shocks. We also fi...
| প্রধান লেখক: | |
|---|---|
| অন্যান্য লেখক: | , |
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
2016.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 2016/059 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |