Fiscal volatility, financial crises and growth

被引：20

作者：

Afonso, Antonio ^{[2
]}

Jalles, Joao Tovar ^{[1
,3
]}

机构：

[1] European Cent Bank, Directorate Gen Econ, D-60311 Frankfurt, Germany

[2] Univ Tecn Lisboa, Dept Econ, UECE Res Unit Complex & Econ, ISEG UTL, Lisbon, Portugal

[3] Univ Aberdeen, Sch Business, Aberdeen AB24 3QY, Scotland

来源：

APPLIED ECONOMICS LETTERS | 2012年 / 19卷 / 18期

关键词：

growth; fiscal volatility; crises; panel analysis; POLICY;

D O I：

10.1080/13504851.2012.667531

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We use a panel of developed and emerging countries for the period 1970 to 2008 to assess how fiscal policy volatility and financial crises affect growth. We find that economic growth is lower in the presence of more volatile fiscal policy. Moreover, with a financial crisis government spending is stickier than revenue.

引用

页码：1821 / 1826

页数：6

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