Cevik, Serhan; Teksoz, Katerina - In: Journal of Banking and Financial Economics 2 (2014) 2, pp. 5-33
This paper investigates the determinants of fiscal policy behavior and its time-varying volatility, using panel data for a broad set of advanced and emerging market economies during the period 1990–2012. The empirical results show that discretionary fiscal policy is influenced by policy...