Jha, Shikha; Mallick, Sushanta Kumar; Park, Donghyun; … - 2010
Asian countries to examine if countercyclical fiscal policy can still be used to stimulate growth. To do so, we use a sign … be a more effective countercyclical policy instrument than government spending. However, a number of factors suggest that …As the global crisis hit developing Asia, several countries instituted fiscal stimulus measures to create domestic …