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...
| Glavni autor: | |
|---|---|
| Daljnji autori: | , |
| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2016.
|
| Serija: | IMF Working Papers; Working Paper ;
No. 2016/059 |
| Online pristup: | Full text available on IMF |