Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-cyclical?
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper analyses the reaction of fiscal policy to the cycle in OECD countries. The results suggest that while overall government balances were counter-cyclical in the past and more so in economic downturns than in upswings, discretionary fiscal policy was neutral on average. However, discretionary fiscal policy appears to react to the cycle in...
