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...

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Detalles Bibliográficos
Autor principal: Barhoumi, Karim
Otros Autores: Cherif, Reda, Rebei, Nooman
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2016.
Colección:IMF Working Papers; Working Paper ; No. 2016/059
Acceso en línea:Full text available on IMF