Paraguay faces a trade-off between building fiscal credibility and amending the existing fiscal rule to accommodate infrastructure investment and provide space for countercyclical policies. In this paper, we discuss several alternative fiscal rules for Paraguay and present simulations of debt...

The objective of the study is to analyze the cyclicality of Fiscal Policy among Institutions (Economic and Political) and governance indicators from 1980-2010 in major South Asian Countries. Fiscal policy is a major source in the hands of the government to achieve higher level of economic...