Fiscal volatility, financial crises and growth
We use a panel of developed and emerging countries for the period 1970-2008 to assess how fiscal policy volatility and financial crises affect growth. We find that economic growth is lower in the presence of more volatile fiscal policy. Moreover, with a financial crisis government spending is sticki...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | workingPaper |
| Language: | eng |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10400.5/4147 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/4147 |