Karimli, Tural; Jafarova, Nigar; Aliyeva, Heyran; … - 2016
In this paper, we study the role of institutional quality in the cyclicality of macroeconomic policies of transition economies. Using annual data over 1996-2013, we find that the quality of institutions play a significant role in their ability to carry out counter-cyclical macroeconomic policy....
