Author(s):
Afonso, António 
; Jalles, João Tovar
Date: 2012
Persistent ID: http://hdl.handle.net/10400.5/4147
Origin: Repositório da UTL
Subject(s): Growth; Fiscal volatility; Crises; Panel analysis
Document details
Fiscal volatility, financial crises and growth
Description
We use a panel of developed and emerging countries for the period 1970-2008 to assess how fiscal policy volatility and financial crises affect growth. We find that economic growth is lower in the presence of more volatile fiscal policy. Moreover, with a financial crisis government spending is stickier than revenue.
We use a panel of developed and emerging countries for the period 1970-2008 to assess how fiscal policy volatility and financial crises affect growth. We find that economic growth is lower in the presence of more volatile fiscal policy. Moreover, with a financial crisis government spending is stickier than revenue.
Document Type
Other
Language English
Language English
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