Series: IMF Working Papers
Author(s): Martine Guerguil , Pierre Mandon , and Rene Tapsoba
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 January 2016
Keywords: Fiscal Policy Rules, Flexibility, Investment-friendly Rules, Cyclically-adjusted Balance Rules, Propensity Scores-matching, fiscal policy, fiscal rules, public spending, fiscal rule, public investment
This paper assesses the impact of different types of flexible fiscal rules on the procyclicality of fiscal policy with propensity scores-matching techniques, thus mitigating traditional self-selection problems. It...