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cyclical behavior of automatic government spending, which comprises unemployment insurance, family programs, and social … be either countercyclical (especially unemployment insurance and other shock absorber programs) or acyclical … lack of automatic stabilizers like unemployment insurance and (ii) more intriguingly, the existence of perverse automatic …
Persistent link: https://www.econbiz.de/10012496074
A large literature has documented that fiscal policy is procyclical in emerging markets and developing economies and acyclical/countercyclical in advanced economies. This paper analyzes fiscal procyclicality in commodity-exporting countries. It first shows that the degree of fiscal...
Persistent link: https://www.econbiz.de/10014322818