van Doorn, Ralph; Suri, Vivek; Gooptu, Sudarshan - Economics Research, World Bank Group - 2010
This paper introduces an"index of macroeconomic space"-- demonstrating the ability of acountry to run a countercyclical fiscal policy or a fiscal stimulus at any point in time -- to show how a sample of 20 mostly middle-income countries had entered the 2008 global financial crisis with different...