Series: IMF Working Papers
Author(s): Xavier Debrun , and Radhicka Kapoor
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2010
Keywords: Output stability, expenditure, discretionary fiscal policy, fiscal stabilization, cyclical fiscal policy,
The paper revisits the link between fiscal policy and macroeconomic stability. Two salient features of our analysis are (1) a systematic test for the government's ambivalent role as a shock absorber and a shock ind...