The Fiscal-Budget Flexibility and the Expansion of COVID-19
8 Pages Posted: 10 Apr 2020
Date Written: April 7, 2020
Abstract
This paper documents the daily COVID-19 case-growth rates in the low fiscal flexibility countries are significantly higher than those in the high-flexibility countries by 49.1% averagely, given other conditions under the same. Moreover, the impact of fiscal-budget flexibility only functions when the expansion of COVID-19 is not out of hand, e.g., is still in a moderate speed.
Keywords: Fiscal-Budget Flexibility; Constitutional Budget-Balance Rules; COVID-19
JEL Classification: H51; I18
Suggested Citation: Suggested Citation
Deng, Kebin and Lin, Feng and Ouyang, Puman, The Fiscal-Budget Flexibility and the Expansion of COVID-19 (April 7, 2020). Available at SSRN: https://ssrn.com/abstract=3570436 or http://dx.doi.org/10.2139/ssrn.3570436
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