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Stochastic Trends, Debt Sustainability and Fiscal Policy

Stochastic Trends, Debt Sustainability and Fiscal Policy »

Source: Stochastic Trends, Debt Sustainability and Fiscal Policy

Volume/Issue: 2016/59

Series: IMF Working Papers

Author(s): Karim Barhoumi , Reda Cherif , and Nooman Rebei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2016

ISBN: 9781513574677

Keywords: Cyclicality, debt, future, government spending, permanent shocks, General, All Countries,

We study empirically the reaction of fiscal policy to changes in the permanent and transitory components of GDP in a panel of countries. We find evidence that government spending tends to be counter-cyclical condit...

Stochastic Trends, Debt Sustainability and Fiscal Policy

Stochastic Trends, Debt Sustainability and Fiscal Policy »

Volume/Issue: 2016/59

Series: IMF Working Papers

Author(s): Karim Barhoumi , Reda Cherif , and Nooman Rebei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2016

DOI: http://dx.doi.org/10.5089/9781513574677.001

ISBN: 9781513574677

Keywords: Cyclicality, debt, future, government spending, permanent shocks, General, All Countries,

We study empirically the reaction of fiscal policy to changes in the permanent and transitory components of GDP in a panel of countries. We find evidence that government spending tends to be counter-cyclical condit...