Political and institutional determinants of the cyclicality of fiscal policy: evidence from the OECD and Latin America
In this paper, we analyse the role of political and institutional variables on the cyclical patterns of central government expenditure and revenue. Working with a sample of 38 OECD and Latin-American countries in 1960-2003, we find that higher levels of income inequality are associated with stronger...
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| Format: | workingPaper |
| Language: | eng |
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2010
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| Online Access: | http://hdl.handle.net/10400.5/2642 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/2642 |