Series: IMF Working Papers
Author(s): Karim Barhoumi , Reda Cherif , and Nooman Rebei
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 March 2016
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...