Ismail, Muhammad; Husain, Fazal - In: The Pakistan Development Review 51 (2012) 4, pp. 339-364
This paper studies the discretionary fiscal policy, its size and particularly the impact of discretionary government spending on output, employment level and inflation over the period of 39 years from 1971-72 to 2009-10. The discretionary fiscal policy is identified through the residual term...