How Should Fiscal Policy Be Set Over the Business Cycle?
Several generations of economists have analyzed the relationship between fiscal policy and the business cycle. How is fiscal policy actually conducted over the business cycle? From a public policy point of view, the interpretation based on credit m...
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2000/11/1643378/fiscal-policy-set-over-business-cycle http://hdl.handle.net/10986/11410 |
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okr-10986-114102021-06-14T11:02:15Z How Should Fiscal Policy Be Set Over the Business Cycle? Talvi, Ernesto FISCAL POLICY BUSINESS CYCLES CREDIT MARKETS EMERGING ECONOMIES TAX REVENUES LIQUIDITY (ECONOMICS) INTERGOVERNMENTAL FISCAL RELATIONS BORROWING BUDGET CONSTRAINT BUDGET CONSTRAINTS CENTRAL BANK CONSUMPTION TAXES ECONOMIC FLUCTUATIONS ECONOMISTS EMPIRICAL EVIDENCE FISCAL FISCAL ADJUSTMENT FISCAL DEFICITS FISCAL PERFORMANCE FISCAL POLICIES FISCAL POLICY FISCAL REVENUE FISCAL REVENUES GOVERNMENT CONSUMPTION GOVERNMENT SPENDING INCOME INCOME TAXES INFLATION INSTITUTIONAL ARRANGEMENTS INTERGOVERNMENTAL RELATIONS MACROECONOMICS MATURITIES NATIONS POLITICAL ECONOMY PRESIDENCY PRIVATE CONSUMPTION PRIVATE SECTOR PUBLIC DEBT PUBLIC POLICY REPRESENTATIVES SOCIAL WELFARE TAX TAX RATES TAX SYSTEMS Several generations of economists have analyzed the relationship between fiscal policy and the business cycle. How is fiscal policy actually conducted over the business cycle? From a public policy point of view, the interpretation based on credit market imperfections calls for ensuring that developing countries retain access to international credit markets in bad times. At the domestic level, effective liquidity management and intertemporal solvency of fiscal accounts have been emphasized for countries to avoid being cut off from international credit markets in bad times. 2012-08-13T14:59:34Z 2012-08-13T14:59:34Z 2000-11 http://documents.worldbank.org/curated/en/2000/11/1643378/fiscal-policy-set-over-business-cycle http://hdl.handle.net/10986/11410 English PREM Notes; No. 47 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
FISCAL POLICY BUSINESS CYCLES CREDIT MARKETS EMERGING ECONOMIES TAX REVENUES LIQUIDITY (ECONOMICS) INTERGOVERNMENTAL FISCAL RELATIONS BORROWING BUDGET CONSTRAINT BUDGET CONSTRAINTS CENTRAL BANK CONSUMPTION TAXES ECONOMIC FLUCTUATIONS ECONOMISTS EMPIRICAL EVIDENCE FISCAL FISCAL ADJUSTMENT FISCAL DEFICITS FISCAL PERFORMANCE FISCAL POLICIES FISCAL POLICY FISCAL REVENUE FISCAL REVENUES GOVERNMENT CONSUMPTION GOVERNMENT SPENDING INCOME INCOME TAXES INFLATION INSTITUTIONAL ARRANGEMENTS INTERGOVERNMENTAL RELATIONS MACROECONOMICS MATURITIES NATIONS POLITICAL ECONOMY PRESIDENCY PRIVATE CONSUMPTION PRIVATE SECTOR PUBLIC DEBT PUBLIC POLICY REPRESENTATIVES SOCIAL WELFARE TAX TAX RATES TAX SYSTEMS |
| spellingShingle |
FISCAL POLICY BUSINESS CYCLES CREDIT MARKETS EMERGING ECONOMIES TAX REVENUES LIQUIDITY (ECONOMICS) INTERGOVERNMENTAL FISCAL RELATIONS BORROWING BUDGET CONSTRAINT BUDGET CONSTRAINTS CENTRAL BANK CONSUMPTION TAXES ECONOMIC FLUCTUATIONS ECONOMISTS EMPIRICAL EVIDENCE FISCAL FISCAL ADJUSTMENT FISCAL DEFICITS FISCAL PERFORMANCE FISCAL POLICIES FISCAL POLICY FISCAL REVENUE FISCAL REVENUES GOVERNMENT CONSUMPTION GOVERNMENT SPENDING INCOME INCOME TAXES INFLATION INSTITUTIONAL ARRANGEMENTS INTERGOVERNMENTAL RELATIONS MACROECONOMICS MATURITIES NATIONS POLITICAL ECONOMY PRESIDENCY PRIVATE CONSUMPTION PRIVATE SECTOR PUBLIC DEBT PUBLIC POLICY REPRESENTATIVES SOCIAL WELFARE TAX TAX RATES TAX SYSTEMS Talvi, Ernesto How Should Fiscal Policy Be Set Over the Business Cycle? |
| relation |
PREM Notes; No. 47 |
| description |
Several generations of economists have
analyzed the relationship between fiscal policy and the
business cycle. How is fiscal policy actually conducted over
the business cycle? From a public policy point of view, the
interpretation based on credit market imperfections calls
for ensuring that developing countries retain access to
international credit markets in bad times. At the domestic
level, effective liquidity management and intertemporal
solvency of fiscal accounts have been emphasized for
countries to avoid being cut off from international credit
markets in bad times. |
| format |
Publications & Research :: Brief |
| author |
Talvi, Ernesto |
| author_facet |
Talvi, Ernesto |
| author_sort |
Talvi, Ernesto |
| title |
How Should Fiscal Policy Be Set Over the Business Cycle? |
| title_short |
How Should Fiscal Policy Be Set Over the Business Cycle? |
| title_full |
How Should Fiscal Policy Be Set Over the Business Cycle? |
| title_fullStr |
How Should Fiscal Policy Be Set Over the Business Cycle? |
| title_full_unstemmed |
How Should Fiscal Policy Be Set Over the Business Cycle? |
| title_sort |
how should fiscal policy be set over the business cycle? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2000/11/1643378/fiscal-policy-set-over-business-cycle http://hdl.handle.net/10986/11410 |
| _version_ |
1764416634111393792 |