Fiscal Volatility, Financial Crises and Growth
Posted: 24 Jun 2012
There are 2 versions of this paper
Fiscal Volatility, Financial Crises and Growth
ISEG Economics Working Paper No. 06/2012/DE/UECE
Number of pages: 9
Posted: 23 Feb 2012
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96
Date Written: 2012
Abstract
We use a panel of developed and emerging countries for the period 1970-2008 to assess how fiscal policy volatility and financial crises affect growth. We find that economic growth is lower in the presence of more volatile fiscal policy. Moreover, with a financial crisis government spending is stickier than revenue.
Keywords: growth, fiscal volatility, crises, panel analysis
JEL Classification: C23, E62, H50
Suggested Citation: Suggested Citation
Afonso, António and Jalles, João Tovar, Fiscal Volatility, Financial Crises and Growth (2012). Applied Economics Letters, Vol. 19, No. 18, 2012, Available at SSRN: https://ssrn.com/abstract=2089747
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