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Why Some Countries Can Escape the Fiscal Pro-Cyclicality Trap and Others Cannot?

Herrera, Santiago - 2019

This paper analyzes the procyclicality of fiscal policy on the tax and spending sides in a sample of 116 developing countries between 2000 and 2016. About 20 percent of the countries in the sample switched from procyclical to countercyclical policy stance. In Sub-Saharan Africa, 30 of 39...

Persistent link: https://www.econbiz.de/10012865086

Public Expenditure And Consumption Volatility

Herrera, Santiago - 2008

Recent estimates of the welfare cost of consumption volatility find that it is significant in developing nations, where … it may reach an equivalent of reducing consumption by 10 percent per year. Hence, examining the determinants of … consumption volatility is of utmost relevance. Based on cross-country data for the period 1960-2005, the paper explains …

Persistent link: https://www.econbiz.de/10010521126

The quality of fiscal adjustment and the long-run growth impact of fiscal policy in Brazil

Blanco, Fernando - 2006

increasing government consumption and transfer payments on GDP. These results shed light on the contribution of fiscal policy to …

Persistent link: https://www.econbiz.de/10010522058

Policy mix, public debt management, and fiscal rules : lessons from the 2002 Brazilian crisis

Herrera, Santiago - 2005

"Despite significant progress in economic reform throughout the 1990s and an exemplary development of the policymaking framework in the second part of the decade, Brazil suffered a major public debt and currency crisis in 2002. Though the political origin of the uncertainty cannot be ignored,...

Persistent link: https://www.econbiz.de/10010522687

Public Expenditure and Consumption Volatility

Herrera, Santiago; Vincent, Bruno - 2012

Persistent link: https://www.econbiz.de/10012552418

The Quality of Fiscal Adjustment and the Long-Run Growth Impact of Fiscal Policy in Brazil

Blanco, Fernando; Herrera, Santiago - 2012

increasing government consumption and transfer payments on GDP. These results shed light on the contribution of fiscal policy to …

Persistent link: https://www.econbiz.de/10012553826

Policy Mix, Public Debt Management and Fiscal Rules : Lessons from the 2002 Brazilian Crisis

Herrera, Santiago - 2012

Despite significant progress in economic reform throughout the 1990s, and an exemplary development of the policymaking framework in the second part of the decade, Brazil suffered a major public debt and currency crisis in 2002. Though the political origin of the uncertainty cannot be ignored,...

Persistent link: https://www.econbiz.de/10012553970

Public Expenditure and Consumption Volatility

Herrera, Santiago - 2016

Persistent link: https://www.econbiz.de/10012747289

The Quality of Fiscal Adjustment and the Long-Run Growth Impact of Fiscal Policy in Brazil

Blanco, Fernando - 2016

increasing government consumption and transfer payments on GDP. These results shed light on the contribution of fiscal policy to …

Persistent link: https://www.econbiz.de/10012747922

Policy Mix, Public Debt Management, and Fiscal Rules : Lessons from the 2002 Brazilian Crisis

Herrera, Santiago - 2005

Despite significant progress in economic reform throughout the 1990s and an exemplary development of the policymaking framework in the second part of the decade, Brazil suffered a major public debt and currency crisis in 2002. Though the political origin of the uncertainty cannot be ignored,...

Persistent link: https://www.econbiz.de/10014066997