The social impact of fiscal policy responses to crises

Carlos A. Vegh , Guillermo Vuletin, 12 June 2014

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Fiscal policy in many developing countries is typically procyclical. Expansionary in good times and contractionary in bad times, these policies often amplify business cycles.

Topics: Macroeconomic policy
Tags: austerity, business cycle, cyclicality, fiscal policy, LAC-7

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