Aizenman, Joshua; Jinjarak, Yothin; Hien Nguyen; Park, … - National Bureau of Economic Research - 2021
We trace the linkages between the episodes of fiscal expansion and consolidation in 72 advanced and emerging and … developing economies. The findings suggest that fiscal expansions are positively associated with economic growth, which in turn … is positively linked with better sustainable development outcomes. The association between fiscal consolidation and …