Fiscal Policy as a Tool for Stabilization in Developing Countries

The financial crisis of 2007/2008, the subsequent great recession in rich countries and its propagation to developing countries has sparked a renewed interest in the role of fiscal policy as a potential countercyclical tool among policymakers and researchers. This paper reviews the state of empirica...

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Bibliographic Details
Main Authors: Kraay, Aart, Serven, Luis
Format: Working Paper
Language:en_US
Published: World Bank, Washington, DC 2013
Subjects:
Online Access:http://hdl.handle.net/10986/16362