Why is fiscal policy often procyclical?

Why is fiscal policy often procyclical?
Alberto Alesina, Alberto Alesi ...
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Last edited by WorkBot
December 15, 2009 | History

Why is fiscal policy often procyclical?

"Many countries, especially developing ones, follow procyclical fiscal polices, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for less-than-benevolent government to appropriate rents. Voters have incentives similar to the "starving the Leviathan" classic argument, and demand more public goods or fewer taxes to prevent governments from appropriating rents when the economy is doing well. We test this argument against more traditional explanations based purely on borrowing constraints, with a reasonable amount of success"--National Bureau of Economic Research web site.

Publish Date
Language
English
Pages
27

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Edition Availability
Cover of: Why is fiscal policy often procyclical?
Why is fiscal policy often procyclical?
2005, National Bureau of Economic Research
in English
Cover of: Why is fiscal policy often procyclical?
Why is fiscal policy often procyclical?
2005, National Bureau of Economic Research
Electronic resource in English

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Book Details


Edition Notes

"September 2005."

Includes bibliographical references (p. 25-27).

Also available in PDF from the NBER world wide web site (www.nber.org).

Published in
Cambridge, Mass
Series
NBER working paper paper series -- no. 11600., Working paper series (National Bureau of Economic Research) -- working paper no. 11600.

The Physical Object

Pagination
27, [18] p. ;
Number of pages
27

ID Numbers

Open Library
OL17627845M
OCLC/WorldCat
61856684

Source records

Oregon Libraries MARC record

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Download catalog record: RDF / JSON / OPDS | Wikipedia citation
December 15, 2009 Edited by WorkBot link works
April 25, 2009 Edited by ImportBot add OCLC number
September 29, 2008 Created by ImportBot Imported from Oregon Libraries MARC record