Fiscal Stimulus and Credibility in Emerging Countries /
Across a sample of thirty four emerging countries, the evidence shows the frequent existence of a pro-cyclical fiscal impulse. However, the scope for countercyclical policy increases with the availability of international reserves as it enhances credibility and mitigates concerns about the effect of...
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| Format: | Revista |
| Idioma: | English |
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Washington, D.C. :
International Monetary Fund,
2010.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2010/123 |
| Accés en línia: | Full text available on IMF |