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The Cyclical Behavior of Fiscal Policy: Its Determinants and Fiscal Rule

Zhale Zarei

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2016, vol. 8, issue 26, 543-569

Abstract: Fiscal policy is an important macroeconomic policy tool for dampening the amplitude of business cycles in the oil-exporting countries. This importance derives from the fact that these countries have the highest volatility of output in the world and that a majority of countries have exchange rate pegs or manage their exchange

Date: 2016
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