Cevik, Serhan; Teksoz, Katerina - International Monetary Fund (IMF) - 2014
This paper investigates the determinants of fiscal policy behavior and its time-varying volatility, using panel data … discretionary fiscal policy is influenced by policy inertia, the level of public debt, and the output gap in both advanced and …-supported stabilization programs—tend to have a significant effect on fiscal policy behavior. The results also indicate that higher …