This paper investigates the determinants of fiscal policy behavior and its time-varying volatility, using panel data … more volatile fiscal behavior, while fiscal rules and higher institutional quality reduce the volatility of fiscal policy …

than 40 percent of the volatility of aggregate sales. Although quite large, this contribution is smaller than documented in …

, institutional, political and social underpinnings to uncover the 'missing' determinants of exchange rate volatility over time and … volatility, especially in emerging market economies. After controlling for standard macroeconomic factors, we find that the 'soft … volatility across countries …

This paper examines the effect of stabilization funds on the volatility of government expenditure in resource … stabilization funds contributes to smoothing government expenditure. The spending volatility in countries that have established such … analysis also shows that political institutions and fiscal rules are significant factors in reducing the expenditure volatility …