El Husseiny, Israa A. - In: Contemporary economics 12 (2018) 1, pp. 95-124
Optimal fiscal policy is expected to behave in a countercyclical manner to stabilize economies during business cycles … during recessions and decline during expansions. While this behavior of fiscal policy is common in most developed countries … study provides empirical evidence that Egypt has not been able to conduct a countercyclical fiscal policy. In addition, the …