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Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World1

Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World1 »

Source: Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World

Volume/Issue: 2014/122

Series: IMF Working Papers

Author(s): Elva Bova , Nathalie Carcenac , and Martine Guerguil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2014

ISBN: 9781498305525

Keywords: fiscal policty, cyclicality, developing economies, fiscal rule, budget balance, fiscal institutions, Structure and Scope of Government, Deficit, Open Economy Macroeconomics,

This paper documents the spread of fiscal rules in the developing world and investigates the relation between fiscal rules and procyclical fiscal policy. We find that, since the early 2000s, developing countries ou...

Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World

Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World »

Volume/Issue: 2014/122

Series: IMF Working Papers

Author(s): Elva Bova , Nathalie Carcenac , and Martine Guerguil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2014

DOI: http://dx.doi.org/10.5089/9781498305525.001

ISBN: 9781498305525

Keywords: fiscal policty, cyclicality, developing economies, fiscal rule, budget balance, fiscal institutions, Structure and Scope of Government, Deficit, Open Economy Macroeconomics,

This paper documents the spread of fiscal rules in the developing world and investigates the relation between fiscal rules and procyclical fiscal policy. We find that, since the early 2000s, developing countries ou...