Procyclicality or Reverse Causality?

There is a large literature showing that fiscal policy is either acyclical or countercyclical in industrial countries and procyclical in developing countries. Most of this literature is based on OLS regressions that focus on the correlation between a fiscal variable (usually the budget balance or ex...

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Bibliographische Detailangaben

Hauptverfasser:	Panizza, Ugo, Jaimovich, Dany
Format:	Artikel
Sprache:	eng
Schlagworte:	Fiscal Policy WP-599
Online-Zugang:	Volltext bestellen
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