On Graduation from Fiscal Procyclicality: The case of Bolivia

Rodrigo Gonzáles Zuazo () and José Miguel Molina Fernández ()
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Rodrigo Gonzáles Zuazo: Research Fellow at Ciess Econométrica and Universidad Mayor de San Andrés
José Miguel Molina Fernández: Universidad Mayor de San Andrés

Revista Latinoamericana de Desarrollo Economico, 2017, issue 27, 39-56

Abstract: Since Frankel et al. (2013), many authors have sought evidence of the so-called graduation from fiscal procyclicality; this concept refers to the direction change experienced by a number of developing countries regarding the implementation of destabilizing procyclical policies in the past. While the cyclicality of fiscal policy in Bolivia has been evaluated by multiple authors, we believe that our contribution is relevant because it models the response of fiscal policy in a much more intuitive way, that is also less prone to some specification problems frequently cited in the literature.

Keywords: Business cycles; fiscal policy; graduation from fiscal procyclicality (search for similar items in EconPapers)
JEL-codes: E32 E62 (search for similar items in EconPapers)
Date: 2017
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