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...
| मुख्य लेखक: | |
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| अन्य लेखक: | , |
| स्वरूप: | पत्रिका |
| भाषा: | English |
| प्रकाशित: |
Washington, D.C. :
International Monetary Fund,
2016.
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| श्रृंखला: | IMF Working Papers; Working Paper ;
No. 2016/059 |
| ऑनलाइन पहुंच: | Full text available on IMF |