Eller, Markus; Fidrmuc, Jarko; Fungácová, Zuzana - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013
This paper investigates the relationship between fiscal policy and output volatility in Russian regions between 2000 and 2009. System GMM estimation techniques are used to account for potential endogeneity between output volatility and fiscal developments. Our main finding is that fiscal...
