Frankel, Jeffrey A.; Vegh, Carlos A.; Vuletin, Guillermo - In: Journal of Development Economics 100 (2013) 1, pp. 32-47
cycle. We show that, over the last decade, about a third of the developing world has been able to escape the procyclicality … institutions and other determinants of fiscal procyclicality, there is a causal link running from stronger institutions to less …