The Cyclicality of Fiscal Policy in the Middle East and Central Asia : Is the Current Crisis Different? »
Journal Issue
Volume/Issue: 2010/68
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2010
DOI: http://dx.doi.org/10.5089/9781451982121.001
ISBN: 9781451982121
Keywords: government spending, public debt, fiscal policy response, General Outlook and Conditions, Fiscal Policies and Behavior of Economic Agents: General, National Government Expenditures and Related Policies: General, National Budget, Deficit, and Debt: General,
The countries of the Middle East and North Africa, and the Caucasus and Central Asia have the highest output volatility in the world. Fiscal policy is a powerful tool that can help dampen the business cycles. This...