Ismail, Muhammad; Husain, Fazal - In: The Pakistan Development Review 51 (2012) 4, pp. 339-364
This paper studies the discretionary fiscal policy, its size and particularly the impact of discretionary government … inflation significantly. It attempts to highlight the succinct merits and demerits of the debated discretionary fiscal policy … fiscal policy is identified through the residual term (based on a fiscal reaction function), political system and market …