Series: IMF Working Papers
Author(s): Elva Bova , Nathalie Carcenac , and Martine Guerguil
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 July 2014
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...