Cyclical behavior of fiscal policy : historical overview in emerging economies / Wei (Tony) Li.
Fiscal policy is often procyclical in many developing countries. In addition to borrowing constraints and political distortions, the possibility of sovereign default and the associated risk premium in bad times play an important role in this procyclical behavior for countries with a high debt level....
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Full Text (via SAGE) |
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| Format: | eBook |
| Language: | English |
| Published: |
London :
The School of Economics and Management, Beihang University,
2022.
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| Series: | SAGE Business cases.
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| Subjects: |
Internet
Full Text (via SAGE)Online
| Call Number: |
HJ1620 .L5 2022
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| HJ1620 .L5 2022 | Available |