Procyclical fiscal policy : shocks, rules, and institutions : a view from MARS / prepared by Paolo Manasse.

This paper assesses the roles of shocks, rules, and institutions as possible sources of procyclicality in fiscal policy. By employing parametric and nonparametric techniques, I reach the following four main conclusions. First, policymakers' reactions to the business cycle is different depending...

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Bibliographic Details

Online Access:	Full Text (via ProQuest)
Main Author:	Manasse, Paolo (Author)
Corporate Author:	International Monetary Fund. Fiscal Affairs Department
Format:	eBook
Language:	English
Published:	[Washington, D.C.] : International Monetary Fund, Fiscal Affairs Dept., ©2006.
Series:	IMF working paper ; WP/06/27.
Subjects:	Fiscal policy > Econometric models. Business cycles > Econometric models.