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