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...
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| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2012
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| Texto completo: | http://hdl.handle.net/10400.5/4147 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/4147 |