Some searches may not work properly. We apologize for the inconvenience.
My bibliography Save this paperIs fiscal policy always counter- (pro-) cyclical? The role of public debt and fiscal rules
Author
Abstract
Suggested Citation
DOI: 10.1016/j.econmod.2017.05.017
Download full text from publisher
To our knowledge, this item is not available for download. To find whether it is available, there are three options:1. Check below whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Other versions of this item:
- Combes, Jean-Louis & Minea, Alexandru & Sow, Moussé, 2017. "Is fiscal policy always counter- (pro-) cyclical? The role of public debt and fiscal rules," Economic Modelling, Elsevier, vol. 65(C), pages 138-146.
References listed on IDEAS
- Frankel, Jeffrey A. & Vegh, Carlos A. & Vuletin, Guillermo, 2013.
"On graduation from fiscal procyclicality,"
Journal of Development Economics, Elsevier, vol. 100(1), pages 32-47.
- Jeffrey A. Frankel & Carlos A. Végh & Guillermo Vuletin, 2011. "On Graduation from Fiscal Procyclicality," NBER Working Papers 17619, National Bureau of Economic Research, Inc.
- Frankel, Jeffrey A. & Vegh, Carlos A. & Vuletin, Guillermo, 2012. "On Graduation from Fiscal Procyclicality," Working Paper Series rwp12-011, Harvard University, John F. Kennedy School of Government.
- Jeffrey Frankel & Carlos A. Vegh & Guillermo Vuletin, 2012. "On Graduation from Fiscal Procyclicality," CID Working Papers 248, Center for International Development at Harvard University.
- Vulentin, Guillermo & Vegh, Carlos A & Frankel, Jeffrey A., 2012. "On Graduation from Fiscal Procyclicality," Scholarly Articles 8694931, Harvard Kennedy School of Government.
- Jordi Galí & Roberto Perotti, 2003.
"Fiscal policy and monetary integration in Europe,"
Economic Policy, CEPR;CES;MSH, vol. 18(37), pages 533-572, October.
- Jordi Gali & Roberto Perotti, 2003. "Fiscal Policy and Monetary Integration in Europe," NBER Working Papers 9773, National Bureau of Economic Research, Inc.
- GalÃ, Jordi & Perotti, Roberto, 2003. "Fiscal Policy and Monetary Integration in Europe," CEPR Discussion Papers 3933, C.E.P.R. Discussion Papers.
- Alberto Alesina & Filipe R. Campante & Guido Tabellini, 2008.
"Why is Fiscal Policy Often Procyclical?,"
Journal of the European Economic Association, MIT Press, vol. 6(5), pages 1006-1036, September.
- Alberto Alesina & Filipe Campante & Guido Tabellini, "undated". "Why is Fiscal Policy Often Procyclical?," Working Paper 248206, Harvard University OpenScholar.
- Alberto Alesina & Guido Tabellini, 2005. "Why is fiscal policy often procyclical?," Harvard Institute of Economic Research Working Papers 2090, Harvard - Institute of Economic Research.
- Alberto Alesina & Guido Tabellini, 2005. "Why Is Fiscal Policy Often Procyclical?," Working Papers 297, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Alberto Alesina & Guido Tabellini, 2005. "Why is Fiscal Policy Often Procyclical?," NBER Working Papers 11600, National Bureau of Economic Research, Inc.
- Tabellini, Guido & Alesina, Alberto Francesco & Campante, Filipe Robin, 2008. "Why Is Fiscal Policy Often Procyclical?," Scholarly Articles 34729976, Harvard University Department of Economics.
- Alberto Alesina & Guido Tabellini, 2005. "Why is Fiscal Policy often Procyclical?," CESifo Working Paper Series 1556, CESifo.
- Alberto Alesina & Guido Tabellini, 2005. "Why is fiscal policy often procyclical?," Levine's Bibliography 784828000000000465, UCLA Department of Economics.
- Maltritz, Dominik & Wüste, Sebastian, 2015. "Determinants of budget deficits in Europe: The role and relations of fiscal rules, fiscal councils, creative accounting and the Euro," Economic Modelling, Elsevier, vol. 48(C), pages 222-236.
- Graciela L. Kaminsky & Carmen M. Reinhart & Carlos A. Végh, 2005.
"When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies,"
NBER Chapters, in: NBER Macroeconomics Annual 2004, Volume 19, pages 11-82,
National Bureau of Economic Research, Inc.
- Reinhart, Carmen & Kaminsky, Graciela & Vegh, Carlos, 2004. "When it rains, it pours: Procyclical capital flows and macroeconomic policies," MPRA Paper 13883, University Library of Munich, Germany.
- Graciela L. Kaminsky & Carmen M. Reinhart & Carlos A. Vegh, 2004. "When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies," NBER Working Papers 10780, National Bureau of Economic Research, Inc.
- Marianne Baxter & Robert G. King, 1999.
"Measuring Business Cycles: Approximate Band-Pass Filters For Economic Time Series,"
The Review of Economics and Statistics, MIT Press, vol. 81(4), pages 575-593, November.
- Marianne Baxter & Robert G. King, 1995. "Measuring Business Cycles Approximate Band-Pass Filters for Economic Time Series," NBER Working Papers 5022, National Bureau of Economic Research, Inc.
- Tom Doan, "undated". "BKFILTER: RATS procedure to implement band pass filter using Baxter-King method," Statistical Software Components RTS00026, Boston College Department of Economics.
- Huart Florence, 2013.
"Is Fiscal Policy Procyclical in the Euro Area?,"
German Economic Review, De Gruyter, vol. 14(1), pages 73-88, February.
- Florence Huart, 2013. "Is Fiscal Policy Procyclical in the Euro Area?," German Economic Review, Verein für Socialpolitik, vol. 14(1), pages 73-88, February.
- Hansen, Bruce E., 1999.
"Threshold effects in non-dynamic panels: Estimation, testing, and inference,"
Journal of Econometrics, Elsevier, vol. 93(2), pages 345-368, December.
- Bruce E. Hansen, 1997. "Threshold effects in non-dynamic panels: Estimation, testing and inference," Boston College Working Papers in Economics 365, Boston College Department of Economics.
- Antonio Fatás & Ilian Mihov, 2010.
"The Euro and Fiscal Policy,"
NBER Chapters, in: Europe and the Euro, pages 287-324,
National Bureau of Economic Research, Inc.
- Antonio Fatas & Ilian Mihov, 2009. "The Euro and Fiscal Policy," NBER Working Papers 14722, National Bureau of Economic Research, Inc.
- Victor D. Lledó & Irene Yackovlev & Lucie Gadenne, 2011.
"A Tale of Cyclicality, Aid Flows and Debt: Government Spending in Sub-Saharan Africa,"
Journal of African Economies, Centre for the Study of African Economies, vol. 20(5), pages 823-849, November.
- Lucie Gadenne & Victor D. Lledó & Irene Yackovlev, 2011. "A Tale of Cyclicality, Aid Flows and Debt: Government Spending in Sub-Saharan Africa," Post-Print hal-00813036, HAL.
- Lucie Gadenne & Victor D. Lledó & Irene Yackovlev, 2011. "A Tale of Cyclicality, Aid Flows and Debt: Government Spending in Sub-Saharan Africa," PSE-Ecole d'économie de Paris (Postprint) hal-00813036, HAL.
- Carlos A Vegh & Guillermo Vuletin, 2014.
"The Road to Redemption: Policy Response to Crises in Latin America,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 62(4), pages 526-568, November.
- Carlos A. Vegh & Guillermo Vuletin, 2014. "The Road to Redemption: Policy Response to Crises in Latin America," NBER Working Papers 20675, National Bureau of Economic Research, Inc.
- Christiane Nickel & Andreas Tudyka, 2014.
"Fiscal Stimulus in Times of High Debt: Reconsidering Multipliers and Twin Deficits,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(7), pages 1313-1344, October.
- Nickel, Christiane & Tudyka, Andreas, 2013. "Fiscal stimulus in times of high debt: reconsidering multipliers and twin deficits," Working Paper Series 1513, European Central Bank.
- Cottarelli, Carlo & Gerson, Philip & Senhadji, Abdelhak (ed.), 2014. "Post-crisis Fiscal Policy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262027186, December.
- Atish R. Ghosh & Jun I. Kim & Enrique G. Mendoza & Jonathan D. Ostry & Mahvash S. Qureshi, 2013.
"Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies,"
Economic Journal, Royal Economic Society, vol. 0, pages 4-30, February.
- Atish R. Ghosh & Jun I. Kim & Enrique G. Mendoza & Jonathan D. Ostry & Mahvash S. Qureshi, 2011. "Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies," NBER Working Papers 16782, National Bureau of Economic Research, Inc.
- Mrs. Nina Budina & Ms. Andrea Schaechter & Miss Anke Weber & Mr. Tidiane Kinda, 2012. "Fiscal Rules in Response to the Crisis: Toward the "Next-Generation" Rules: A New Dataset," IMF Working Papers 2012/187, International Monetary Fund.
- Henning Bohn, 1998. "The Behavior of U. S. Public Debt and Deficits," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(3), pages 949-963.
- Tagkalakis, Athanasios, 2013.
"The effects of financial crisis on fiscal positions,"
European Journal of Political Economy, Elsevier, vol. 29(C), pages 197-213.
- Athanasios Tagkalakis, 2012. "The effects of financial crisis on fiscal positions," Working Papers 145, Bank of Greece.
- Alberto Alesina & Silvia Ardagna, 2010.
"Large Changes in Fiscal Policy: Taxes versus Spending,"
NBER Chapters, in: Tax Policy and the Economy, Volume 24, pages 35-68,
National Bureau of Economic Research, Inc.
- Alberto F. Alesina & Silvia Ardagna, 2009. "Large Changes in Fiscal Policy: Taxes Versus Spending," NBER Working Papers 15438, National Bureau of Economic Research, Inc.
- Alesina, Alberto Francesco & Ardagna, Silvia, 2010. "Large Changes in Fiscal Policy: Taxes versus Spending," Scholarly Articles 22801844, Harvard University Department of Economics.
- Charles Wyplosz, 2006.
"European Monetary Union: the dark sides of a major success [‘The macroeconomics of low inflation’],"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 21(46), pages 208-261.
- Charles Wyplosz, 2006. "European Monetary Union: the dark sides of a major success," Economic Policy, CEPR;CES;MSH, vol. 21(46), pages 207-261, April.
- Fatas, Antonio & Mihov, Ilian, 2006.
"The macroeconomic effects of fiscal rules in the US states,"
Journal of Public Economics, Elsevier, vol. 90(1-2), pages 101-117, January.
- Fatás, Antonio & Mihov, Ilian, 2004. "The Macroeconomic Effects of Fiscal Rules in the US States," CEPR Discussion Papers 4372, C.E.P.R. Discussion Papers.
- M. Hashem Pesaran, 2007.
"A simple panel unit root test in the presence of cross-section dependence,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(2), pages 265-312.
- Pesaran, M.H., 2003. "A Simple Panel Unit Root Test in the Presence of Cross Section Dependence," Cambridge Working Papers in Economics 0346, Faculty of Economics, University of Cambridge.
- Stephen Cecchetti & Madhusudan Mohanty & Fabrizio Zampolli, 2011. "The real effects of debt," BIS Working Papers 352, Bank for International Settlements.
- Hodrick, Robert J & Prescott, Edward C, 1997.
"Postwar U.S. Business Cycles: An Empirical Investigation,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(1), pages 1-16, February.
- Robert J. Hodrick & Edward Prescott, 1981. "Post-War U.S. Business Cycles: An Empirical Investigation," Discussion Papers 451, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2010.
"Growth in a Time of Debt,"
American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," NBER Working Papers 15639, National Bureau of Economic Research, Inc.
- Reinhart, Carmen M. & Rogoff, Kenneth S., 2010. "Growth in a Time of Debt," Scholarly Articles 11129154, Harvard University Department of Economics.
- Rogoff, Kenneth & Reinhart, Carmen, 2010. "Growth in a Time of Debt," CEPR Discussion Papers 7661, C.E.P.R. Discussion Papers.
- Torben M. Andersen, 2009. "Fiscal policy and the global financial crisis," Economics Working Papers 2009-07, Department of Economics and Business Economics, Aarhus University.
- Talvi, Ernesto & Vegh, Carlos A., 2005. "Tax base variability and procyclical fiscal policy in developing countries," Journal of Development Economics, Elsevier, vol. 78(1), pages 156-190, October.
- Anita Doraisami, 2011. "The Global Financial Crisis : Countercyclical Fiscal Policy Issues and Challenges in Malaysia, Indonesia, the Philippines, and Singapore," Macroeconomics Working Papers 23248, East Asian Bureau of Economic Research.
- Garcia, Carlos J. & Restrepo, Jorge E. & Tanner, Evan, 2011.
"Fiscal rules in a volatile world: A welfare-based approach,"
Journal of Policy Modeling, Elsevier, vol. 33(4), pages 649-676, July.
- Jorge Restrepo & Carlos Garcia & Mr. Evan C Tanner, 2011. "Fiscal Rules in a Volatile World: A Welfare-Based Approach," IMF Working Papers 2011/056, International Monetary Fund.
- Paolo Manasse, 2005.
"Deficit Limits, Budget Rules, and Fiscal Policy,"
IMF Working Papers
2005/120, International Monetary Fund.
- Paolo Manasse, 2005. "Deficit Limits, Budget Rules and Fiscal Policy," Macroeconomics 0509011, University Library of Munich, Germany.
- Blundell, Richard & Bond, Stephen, 1998.
"Initial conditions and moment restrictions in dynamic panel data models,"
Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
- R Blundell & Steven Bond, "undated". "Initial conditions and moment restrictions in dynamic panel data model," Economics Papers W14&104., Economics Group, Nuffield College, University of Oxford.
- Blundell, R. & Bond, S., 1995. "Initial Conditions and Moment Restrictions in Dynamic Panel Data Models," Economics Papers 104, Economics Group, Nuffield College, University of Oxford.
- Richard Blundell & Stephen Bond, 1995. "Initial conditions and moment restrictions in dynamic panel data models," IFS Working Papers W95/17, Institute for Fiscal Studies.
- Tapsoba, René, 2012.
"Do National Numerical Fiscal Rules really shape fiscal behaviours in developing countries? A treatment effect evaluation,"
Economic Modelling, Elsevier, vol. 29(4), pages 1356-1369.
- René TAPSOBA, 2012. "Do National Numerical Fiscal Rules Really Shape Fiscal Behaviours in Developing Countries? A Treatment Effect Evaluation," Working Papers 201204, CERDI.
- René Tapsoba, 2012. "Do National Numerical Fiscal Rules Really Shape Fiscal Behaviours in Developing Countries? A Treatment Effect Evaluation," Working Papers halshs-00667201, HAL.
- René Tapsoba, 2012. "Do national numerical fiscal rules really shape fiscal behaviours in developing countries? A treatment effect evaluation," Post-Print halshs-00704811, HAL.
- René Tapsoba, 2012. "Do National Numerical Fiscal Rules Really Shape Fiscal Behaviours in Developing Countries? A Treatment Effect Evaluation," CERDI Working papers halshs-00667201, HAL.
- Anita Doraisami, 2011. "The Global Financial Crisis : Countercyclical Fiscal Policy Issues and Challenges in Malaysia, Indonesia, the Philippines, and Singapore," Governance Working Papers 23248, East Asian Bureau of Economic Research.
- Masten, Arjana Brezigar & Coricelli, Fabrizio & Masten, Igor, 2008.
"Non-linear growth effects of financial development: Does financial integration matter?,"
Journal of International Money and Finance, Elsevier, vol. 27(2), pages 295-313, March.
- Arjana Brezigar-Masten & Fabrizio Coricelli & Igor Masten, 2008. "Non-linear growth effects of financial development: Does financial integration matter?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00634188, HAL.
- Arjana Brezigar-Masten & Fabrizio Coricelli & Igor Masten, 2008. "Non-linear growth effects of financial development: Does financial integration matter?," Post-Print hal-00634188, HAL.
- Arjana Brezigar-Masten & Fabrizio Coricelli & Igor Masten, 2008. "Non-linear growth effects of financial development: Does financial integration matter?," PSE-Ecole d'économie de Paris (Postprint) hal-00634188, HAL.
- Philippe Aghion & Ioana Marinescu, 2008.
"Cyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel Data?,"
NBER Chapters, in: NBER Macroeconomics Annual 2007, Volume 22, pages 251-278,
National Bureau of Economic Research, Inc.
- Aghion, Philippe & Marinescu, Ioana, 2007. "Cyclical Budgetary Policy and Economic Growth: What Do We Learn From OECD Panel Data?," Scholarly Articles 3350066, Harvard University Department of Economics.
- Roel Beetsma & Massimo Giuliodori, 2010.
"Fiscal adjustment to cyclical developments in the OECD: an empirical analysis based on real-time data,"
Oxford Economic Papers, Oxford University Press, vol. 62(3), pages 419-441, July.
- Beetsma, Roel & Giuliodori, Massimo, 2008. "Fiscal Adjustment to Cyclical Developments in the OECD: An Empirical Analysis Based on Real-Time Data," CEPR Discussion Papers 6692, C.E.P.R. Discussion Papers.
- Ethan Ilzetzki & Carlos A. Vegh, 2008. "Procyclical Fiscal Policy in Developing Countries: Truth or Fiction?," NBER Working Papers 14191, National Bureau of Economic Research, Inc.
- Afonso, António & Furceri, Davide, 2010.
"Government size, composition, volatility and economic growth,"
European Journal of Political Economy, Elsevier, vol. 26(4), pages 517-532, December.
- António Afonso & Davide Furceri, 2008. "Government Size, Composition, Volatility and Economic Growth," Working Papers Department of Economics 2008/04, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- Afonso, António & Furceri, Davide, 2008. "Government size, composition, volatility and economic growth," Working Paper Series 849, European Central Bank.
- Ilzetzki, Ethan & Mendoza, Enrique G. & Végh, Carlos A., 2013.
"How big (small?) are fiscal multipliers?,"
Journal of Monetary Economics, Elsevier, vol. 60(2), pages 239-254.
- Ethan Ilzetzki & Enrique G. Mendoza & Carlos A. Végh, 2010. "How Big (Small?) are Fiscal Multipliers?," NBER Working Papers 16479, National Bureau of Economic Research, Inc.
- Ethan Ilzetzki & Enrique G. Mendoza & Carlos A. Végh, 2010. "How Big (Small?) are Fiscal Multipliers?," CEP Discussion Papers dp1016, Centre for Economic Performance, LSE.
- Ethan Ilzetzki & Mr. Enrique G. Mendoza & Mr. Carlos A. Végh Gramont, 2011. "How Big (Small?) are Fiscal Multipliers?," IMF Working Papers 2011/052, International Monetary Fund.
- Noa Srebrnik & Michel Strawczynski, 2016. "Cyclicality of taxes and external debt," Applied Economics, Taylor & Francis Journals, vol. 48(48), pages 4622-4634, October.
- Hausmann Ricardo & Panizza Ugo, 2011.
"Redemption or Abstinence? Original Sin, Currency Mismatches and Counter Cyclical Policies in the New Millennium,"
Journal of Globalization and Development, De Gruyter, vol. 2(1), pages 1-35, August.
- Ricardo Hausmann & Ugo Panizza, 2010. "Redemption or Abstinence? Original Sin, Currency Mismatches and Counter-Cyclical Policies in the New Millenium," CID Working Papers 194, Center for International Development at Harvard University.
- David Roodman, 2009.
"A Note on the Theme of Too Many Instruments,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(1), pages 135-158, February.
- David Roodman, 2007. "A Note on the Theme of Too Many Instruments," Working Papers 125, Center for Global Development.
- repec:idb:brikps:78971 is not listed on IDEAS
- Morten O. Ravn & Harald Uhlig, 2002. "On adjusting the Hodrick-Prescott filter for the frequency of observations," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 371-375.
- Carlos A. Vegh & Guillermo Vuletin, 2015.
"How Is Tax Policy Conducted over the Business Cycle?,"
American Economic Journal: Economic Policy, American Economic Association, vol. 7(3), pages 327-370, August.
- Carlos A. Vegh & Guillermo Vuletin, 2012. "How is Tax Policy Conducted over the Business Cycle?," NBER Working Papers 17753, National Bureau of Economic Research, Inc.
- Xavier Debrun & Tidiane Kinda, 2016.
"That Squeezing Feeling: The Interest Burden and Public Debt Stabilization,"
International Finance, Wiley Blackwell, vol. 19(2), pages 147-178, June.
- Mr. Xavier Debrun & Mr. Tidiane Kinda, 2013. "That Squeezing Feeling: The Interest Burden and Public Debt Stabilization," IMF Working Papers 2013/125, International Monetary Fund.
- Lane, Philip R., 2003.
"The cyclical behaviour of fiscal policy: evidence from the OECD,"
Journal of Public Economics, Elsevier, vol. 87(12), pages 2661-2675, December.
- Philip R. Lane, 2002. "The Cyclical Behaviour of Fiscal Policy: Evidence from the OECD," Trinity Economics Papers 20022, Trinity College Dublin, Department of Economics.
- Sébastien Dessus & Jose L. Diaz‐Sanchez & Aristomene Varoudakis, 2016.
"Fiscal Rules and the Pro‐cyclicality of Public Investment in the West African Economic and Monetary Union,"
Journal of International Development, John Wiley & Sons, Ltd., vol. 28(6), pages 887-901, August.
- Dessus, Sebastien & Diaz Sanchez, Jose Luis & Varoudakis, Aristomene, 2013. "Fiscal rules and the pro-cyclicality of public investment in the West African economic and monetary union," Policy Research Working Paper Series 6562, The World Bank.
- Michal Brzozowski & Joanna Siwinska Gorzelak, 2010. "The impact of fiscal rules on fiscal policy volatility," Journal of Applied Economics, Universidad del CEMA, vol. 13, pages 205-231, November.
- Sacchi, Agnese & Salotti, Simone, 2015.
"The impact of national fiscal rules on the stabilisation function of fiscal policy,"
European Journal of Political Economy, Elsevier, vol. 37(C), pages 1-20.
- Sacchi, Agnese & Salotti, Simone, 2014. "The impact of national fiscal rules on the stabilisation function of fiscal policy," MPRA Paper 56982, University Library of Munich, Germany.
- repec:bla:obuest:v:61:y:1999:i:0:p:631-52 is not listed on IDEAS
- Balázs Égert, 2014.
"Fiscal policy reaction to the cycle in the OECD: pro- or counter-cyclical?,"
Mondes en développement, De Boeck Université, vol. 0(3), pages 35-52.
- Balázs Égert, 2010. "Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-cyclical?," OECD Economics Department Working Papers 763, OECD Publishing.
- Balazs Egert, 2012. "Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-Cyclical?," CESifo Working Paper Series 3777, CESifo.
- Balázs Égert, 2012. "Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-cyclical?," EconomiX Working Papers 2012-12, University of Paris Nanterre, EconomiX.
- Balázs Égert, 2014. "Fiscal policy reaction to the cycle in the OECD: pro- or counter-cyclical?," Post-Print hal-01386041, HAL.
- Philip R. Lane, 2003.
"Business Cycles and Macroeconomic Policy in Emerging Market Economies,"
International Finance, Wiley Blackwell, vol. 6(1), pages 89-108, March.
- Philip R. Lane, 2003. "Business Cycles and Macroeconomic Policy in Emerging Market Economies," Trinity Economics Papers 20032, Trinity College Dublin, Department of Economics.
- Ms. Keiko Honjo, 2007. "The Golden Rule and the Economic Cycles," IMF Working Papers 2007/199, International Monetary Fund.
- Xavier Debrun & Laurent Moulin & Alessandro Turrini & Joaquim Ayuso-i-Casals & Manmohan S. Kumar, 2008. "Tied to the mast? National fiscal rules in the European Union [‘Constitutions, politics, and economics’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 23(54), pages 298-362.
- Ugo Panizza & Dany Jaimovich, 2007.
"Procyclicality or Reverse Causality?,"
Research Department Publications
4508, Inter-American Development Bank, Research Department.
- Ugo Panizza & Dany Jaimovich, 2007. "Procyclicality or Reverse Causality?," IDB Publications (Working Papers) 6843, Inter-American Development Bank.
- César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel, 2016. "Do Good Institutions Promote Countercyclical Macroeconomic Policies?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(5), pages 650-670, October.
- César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel, 2012. "Do Good Institutions Promote Counter-Cyclical Macroeconomic Policies?," Documentos de Trabajo 419, Instituto de Economia. Pontificia Universidad Católica de Chile..
- César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel, 2014. "Do Good Institutions Promote Counter-cyclical Macroeconomic Policies?," Working Papers 3, Peruvian Economic Association.
- César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel, 2012. "Do good institutions promote counter-cyclical macroeconomic policies?," Globalization Institute Working Papers 118, Federal Reserve Bank of Dallas.
- Badinger, Harald & Reuter, Wolf Heinrich, 2017. "The case for fiscal rules," Economic Modelling, Elsevier, vol. 60(C), pages 334-343.
- Badinger, Harald & Reuter, Wolf Heinrich, 2015. "The Case for Fiscal Rules," Department of Economics Working Paper Series 204, WU Vienna University of Economics and Business.
- Harald Badinger & Wolf Heinrich Reuter, 2015. "The Case for Fiscal Rules," Department of Economics Working Papers wuwp204, Vienna University of Economics and Business, Department of Economics.
- Ugo Panizza & Dany Jaimovich, 2007. "Procyclicality or Reverse Causality?," Research Department Publications 4508, Inter-American Development Bank, Research Department.
- Panizza, Ugo & Jaimovich, Dany, 2007. "Procyclicality or Reverse Causality?," IDB Publications (Working Papers) 1949, Inter-American Development Bank.
- von Hagen, Jurgen, 2005. "Fiscal Rules and Fiscal Performance in the EU and Japan," CEPR Discussion Papers 5330, C.E.P.R. Discussion Papers.
- Hagen, Jürgen von, 2006. "Fiscal Rules and Fiscal Performance in the EU and Japan," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 147, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Bénétrix, Agustín S. & Lane, Philip R., 2013. "Fiscal cyclicality and EMU," Journal of International Money and Finance, Elsevier, vol. 34(C), pages 164-176.
- Agustín S. Bénétrix & Philip R. Lane, 2012. "Fiscal Cyclicality and EMU," The Institute for International Integration Studies Discussion Paper Series iiisdp403, IIIS.
- Céspedes, Luis Felipe & Velasco, Andrés, 2014. "Was this time different?: Fiscal policy in commodity republics," Journal of Development Economics, Elsevier, vol. 106(C), pages 92-106.
- Luis Felipe Céspedes & Andrés Velasco, 2011. "Was This Time Different?: Fiscal Policy in Commodity Republics," BIS Working Papers 365, Bank for International Settlements.
- Luis Felipe Céspedes & Andrés Velasco, 2013. "Was This Time Different? Fiscal Policy in Commodity Republics," NBER Working Papers 19748, National Bureau of Economic Research, Inc.
- Jha, Shikha & Mallick, Sushanta K. & Park, Donghyun & Quising, Pilipinas F., 2014. "Effectiveness of countercyclical fiscal policy: Evidence from developing Asia," Journal of Macroeconomics, Elsevier, vol. 40(C), pages 82-98.
- Sophia Gollwitzer & Eteri Kvintradze & Mr. Tej Prakash & Luis-Felipe Zanna & Ms. Era Dabla-Norris & Mr. Richard I Allen & Irene Yackovlev & Victor Duarte Lledo, 2010. "Budget Institutions and Fiscal Performance in Low-Income Countries," IMF Working Papers 2010/080, International Monetary Fund.
- Reicher, Claire, 2014. "A set of estimated fiscal rules for a cross-section of countries: Stabilization and consolidation through which instruments?," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 184-198.
- Ms. Elva Bova & Nathalie Carcenac & Ms. Martine Guerguil, 2014. "Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World," IMF Working Papers 2014/122, International Monetary Fund.
- Michael Gavin & Roberto Perotti, 1997. "Fiscal Policy in Latin America," NBER Chapters, in: NBER Macroeconomics Annual 1997, Volume 12, pages 11-72, National Bureau of Economic Research, Inc.
- Xavier Debrun & Radhicka Kapoor, 2010. "Fiscal Policy and Macroeconomic Stability: New Evidence and Policy Implications," Revista de Economía y Estadística, Universidad Nacional de Córdoba, Facultad de Ciencias Económicas, Instituto de Economía y Finanzas, vol. 48(2), pages 69-101, Diciembre.
- Roberto Golinelli & Sandro Momigliano, 2008. "The cyclical response of fiscal policies in the euro area. Why do results of empirical research differ so strongly?," Temi di discussione (Economic working papers) 654, Bank of Italy, Economic Research and International Relations Area.
- Mr. Xavier Debrun & Radhicka Kapoor, 2010. "Fiscal Policy and Macroeconomic Stability: Automatic Stabilizers Work, Always and Everywhere," IMF Working Papers 2010/111, International Monetary Fund.
- Ms. Enrica Detragiache & Giang Ho, 2010. "Responding to Banking Crises: Lessons From Cross-Country Evidence," IMF Working Papers 2010/018, International Monetary Fund.
- Oya Celasun & Mr. Francesco Grigoli & Ms. Keiko Honjo & Mr. Javier Kapsoli & Mr. Alexander D Klemm & Mr. Bogdan Lissovolik & Jan Luksic & Ms. Marialuz Moreno Badia & Ms. Joana Pereira & Mr. Marcos Pop, 2015. "Fiscal Policy in Latin America: Lessons and Legacies of the Global Financial Crisis," IMF Staff Discussion Notes 2015/006, International Monetary Fund.
- Mr. George Kopits & Mr. Steven A. Symansky, 1998. "Fiscal Policy Rules," IMF Occasional Papers 1998/011, International Monetary Fund.
- Olivier J Blanchard & Giovanni Dell'Ariccia & Paolo Mauro, 2013. "Rethinking Macro Policy II; Getting Granular," IMF Staff Discussion Notes 13/03, International Monetary Fund.
- Mr. Sanjeev Gupta & Mr. Carlos Mulas-Granados & Mr. Emanuele Baldacci, 2009. "How Effective is Fiscal Policy Response in Systemic Banking Crises?," IMF Working Papers 2009/160, International Monetary Fund.
- Jean-Louis Combes & Mr. Xavier Debrun & Alexandru Minea & Rene Tapsoba, 2014. "Inflation Targeting and Fiscal Rules: Do Interactions and Sequencing Matter?," IMF Working Papers 2014/089, International Monetary Fund.
- Guerguil, Martine & Mandon, Pierre & Tapsoba, René, 2017. "Flexible fiscal rules and countercyclical fiscal policy," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 189-220.
- Ms. Martine Guerguil & Pierre Mandon & Rene Tapsoba, 2016. "Flexible Fiscal Rules and Countercyclical Fiscal Policy," IMF Working Papers 2016/008, International Monetary Fund.
- Carolin Nerlich & Wolf Heinrich Reuter, 2016. "Fiscal Rules, Fiscal Space, and the Procyclicality of Fiscal Policy," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 72(4), pages 421-452, December.
- G. S. Maddala & Shaowen Wu, 1999. "A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(S1), pages 631-652, November.
- Doraisami, Anita, 2011. "The Global Financial Crisis: Countercyclical Fiscal Policy Issues and Challenges in Malaysia, Indonesia, the Philippines, and Singapore," ADBI Working Papers 288, Asian Development Bank Institute.
- J. Bradford DeLong & Lawrence H. Summers, 2012. "Fiscal Policy in a Depressed Economy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 43(1 (Spring), pages 233-297.
- Brückner, Markus & Gradstein, Mark, 2014. "Government spending cyclicality: Evidence from transitory and persistent shocks in developing countries," Journal of Development Economics, Elsevier, vol. 111(C), pages 107-116.
- Jordi Galí & Roberto Perotti, 2003. "Fiscal policy and monetary integration in Europe [‘Consumption smoothing through fiscal policy in OECD and EU countries’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 18(37), pages 533-572.
- Olivier J Blanchard & Giovanni Dell'Ariccia & Paolo Mauro, 2013. "Rethinking Macro Policy II; Getting Granular," IMF Staff Discussion Notes 13/003, International Monetary Fund.
- Bergman, U. Michael & Hutchison, Michael, 2015. "Economic stabilization in the post-crisis world: Are fiscal rules the answer?," Journal of International Money and Finance, Elsevier, vol. 52(C), pages 82-101.
- Oya Celasun & Francesco Grigoli & Keiko Honjo & Javier Kapsoli & Alexander D Klemm & Bogdan Lissovolik & Jan Luksic & Marialuz Moreno Badia & Joana Pereira & Marcos Poplawski Ribeiro & Baoping Shang &, 2015. "Fiscal Policy in Latin America; Lessons and Legacies of the Global Financial Crisis," IMF Staff Discussion Notes 15/6, International Monetary Fund. Full references (including those not matched with items on IDEAS)
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Guerguil, Martine & Mandon, Pierre & Tapsoba, René, 2017.
"Flexible fiscal rules and countercyclical fiscal policy,"
Journal of Macroeconomics, Elsevier, vol. 52(C), pages 189-220.
- Ms. Martine Guerguil & Pierre Mandon & Rene Tapsoba, 2016. "Flexible Fiscal Rules and Countercyclical Fiscal Policy," IMF Working Papers 2016/008, International Monetary Fund.
- Heimberger, Philipp, 2023. "The cyclical behaviour of fiscal policy: A meta-analysis," Economic Modelling, Elsevier, vol. 123(C).
- Larch, Martin & Orseau, Eloïse & van der Wielen, Wouter, 2021.
"Do EU fiscal rules support or hinder counter-cyclical fiscal policy?,"
Journal of International Money and Finance, Elsevier, vol. 112(C).
- Martin Larch & Eloise Orseau & Wouter Van Der Wielen, 2020. "Do EU Fiscal Rules Support or Hinder Counter-Cyclical Fiscal Policy?," JRC Working Papers on Taxation & Structural Reforms 2020-01, Joint Research Centre.
- Martin Larch & Eloïse Orseau & Wouter van der Wielen, 2020. "Do EU Fiscal Rules Support or Hinder Counter-Cyclical Fiscal Policy?," CESifo Working Paper Series 8659, CESifo.
- Sangita Misra & Rajiv Ranjan, 2018. "Fiscal rules and procyclicality: an empirical analysis," Indian Economic Review, Springer, vol. 53(1), pages 207-228, December.
- Ardanaz, Martín & Cavallo, Eduardo & Izquierdo, Alejandro & Puig, Jorge, 2021.
"Growth-friendly fiscal rules? Safeguarding public investment from budget cuts through fiscal rule design,"
Journal of International Money and Finance, Elsevier, vol. 111(C).
- Cavallo, Eduardo A. & Izquierdo, Alejandro & Ardanaz, Martín & Puig, Jorge, 2020. "Growth-friendly Fiscal Rules?: Safeguarding Public Investment from Budget Cuts through Fiscal Rule Design," IDB Publications (Working Papers) 10159, Inter-American Development Bank.
- Pierre Mandon, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," Working Papers halshs-01015760, HAL.
- Ardanaz, Martín & Izquierdo, Alejandro, 2022. "Current expenditure upswings in good times and public investment downswings in bad times? New evidence from developing countries," Journal of Comparative Economics, Elsevier, vol. 50(1), pages 118-134.
- U. Michael Bergman & Michael Hutchison, 2020. "Fiscal procyclicality in emerging markets: The role of institutions and economic conditions," International Finance, Wiley Blackwell, vol. 23(2), pages 196-214, August.
- Pierre MANDON, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," Working Papers 201414, CERDI.
- Pierre Mandon, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality," Working Papers hal-01015439, HAL.
- Pierre Mandon, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," CERDI Working papers halshs-01015756, HAL.
- Christoph Peatz, 2020. "Fiscal Rules in Good Times and Bad," IMK Working Paper 206-2020, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
- Pierre Mandon, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," CERDI Working papers halshs-01015760, HAL.
- Gootjes, Bram & de Haan, Jakob, 2022. "Procyclicality of fiscal policy in European Union countries," Journal of International Money and Finance, Elsevier, vol. 120(C).
- Lim, Jamus Jerome, 2020. "The political economy of fiscal procyclicality," European Journal of Political Economy, Elsevier, vol. 65(C).
- Pierre Mandon, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," Working Papers halshs-01015756, HAL.
- Aurel IANCU & Dan Constantin OLTEANU, 2022.
"Procyclical and Countercyclical Fiscal Policies in Non-Euro EU Member Countries,"
Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 188-205, October.
- Iancu, Aurel & Olteanu, Dan Constantin, 2022. "Procyclical and Countercyclical Fiscal Policies in non-Euro EU Member Countries," Working Papers of National Institute for Economic Research 221220, Institutul National de Cercetari Economice (INCE).
- Mr. Alexander D Klemm, 2014. "Fiscal Policy in Latin America over the Cycle," IMF Working Papers 2014/059, International Monetary Fund.
- Kady Keita & Camelia Turcu, 2023.
"Promoting Counter-Cyclical Fiscal Policy: Fiscal Rules Versus Institutions,"
Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 65(4), pages 736-781, December.
- Kady Keita & Camelia Turcu, 2022. "Promoting Counter-Cyclical Fiscal Policy: Fiscal Rules Versus Institutions," Post-Print hal-04059017, HAL.
- Ardanaz, Martín & Izquierdo, Alejandro, 2017. "Current Expenditure Upswings in Good Times and Capital Expenditure Downswings in Bad Times?: New Evidence from Developing Countries," IDB Publications (Working Papers) 8558, Inter-American Development Bank.
More about this item
Keywords
Business cycle Fiscal policy Public debt Fiscal Rules Non-linear effects;JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-01682627. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.