Procyclical Fiscal Policy

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Conventional wisdom dictates that a fiscal policy should be counter-cyclical. However, contrary to this conventional views, recent research has demonstrated that fiscal policy is actually procyclical in most developing countries. In this book, we attempt to propose a new interpretation of this procyclicality after reviewing theoretical and empirical evolution of the research. In particular, by inc...

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Conventional wisdom dictates that a fiscal policy should be counter-cyclical. However, contrary to this conventional views, recent research has demonstrated that fiscal policy is actually procyclical in most developing countries. In this book, we attempt to propose a new interpretation of this procyclicality after reviewing theoretical and empirical evolution of the research. In particular, by inc...

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  • Formats: pdf
  • ISBN: 9789811329951
  • Publication Date: 28 Dec 2018
  • Publisher: Springer Nature Singapore
  • Product language: English
  • Drm Setting: DRM