Jalles, João Tovar; Kiendrebeogo, Youssouf; Lam, Raphael; … - 2023
fiscal policy with a focus on factors as severe crises, informality, financial development, and governance. Empirical results … show that (i) fiscal policy tends to be more counter-cyclical during severe crises than typical recessions, especially for … countercyclical effects of fiscal policy. Our results are robust to various specifications and endogeneity checks …