Economics at your fingertips  

Assessing activist fiscal policy in advanced and emerging market economies using real-time data

Tigran Poghosyan and Mehmet Tosun ()

Oxford Economic Papers, 2019, vol. 71, issue 1, 225-249

Abstract: We examine activist fiscal policy in advanced and emerging economies using an innovative methodology. We contribute to the existing literature on fiscal policy cyclicality by conducting real-time data analysis for a broad set of countries that include 23 advanced and 30 emerging market economies. To the best of our knowledge this is the first study to extend the real-time data analysis to countries other than advanced economies. We also examine the impact of the global financial crisis. Our main findings show that discretionary fiscal policy in advanced economies is planned as countercyclical before the global financial crisis, but its implementation turned procyclical after the crisis. The emerging economies had weakly countercyclical discretionary fiscal policy plans, which enabled them to implement countercyclical fiscal policy after the global financial crisis.

JEL-codes: E62 H30 H50 H62 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

Oxford Economic Papers is currently edited by A. Banerjee

More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().

Page updated 2020-03-14
Handle: RePEc:oup:oxecpp:v:71:y:2019:i:1:p:225-249.