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Fiscal Policy Responsiveness, Persistence, and Discretion

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/fiscal-policy-responsiveness-persistence-and-discretion_228864226783.html
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In this working paper, we decompose fiscal policy in three components: i) responsiveness, ii) persistence and iii) discretion. Using a sample of 132 countries, our results point out that fiscal policy tends to be more persistent than responding to output variations. We also found that while the effect of cross-country covariates is positive...
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