Results 161 to 170 of about 1,860 (237)
Rent-seeking distortions and fiscal procyclicality
Recent research has demonstrated that while government expenditures are countercyclical in most industrialized countries, they tend to be procyclical in developing countries. We develop a dynamic political-economy model to explain this phenomenon. In the
Ilzetzki, Ethan
core
Fiscal stimulus packages to COVID-19: The role of informality. [PDF]
Elgin C +3 more
europepmc +1 more source
We analyze the effectiveness of various macroprudential policy instruments in reducing the procyclicality of loan-loss provisions (LLPs) using individual bank information from over 65 countries and applying the two-step GMM Blundell-Bond (1998) approach ...
Roszkowska, Sylwia +2 more
core
Risk Entanglement in the Finance-State Nexus: The Case of Systemic and Political Risk. [PDF]
Lange M, von Scheve C.
europepmc +1 more source
The Covid-19 economic crisis: dangerously unique. [PDF]
Borio C.
europepmc +1 more source
Government spending shocks and default risk in emerging markets. [PDF]
Jiang M, Li J.
europepmc +1 more source
Procyclicality or Reverse Causality?
There is a large literature showing that fiscal policy is either acyclical or countercyclical in industrial countries and procyclical in developing countries.
Panizza, Ugo, Jaimovich, Dany
core

