Drazen, Allan (contributor) - 2002 - [Elektronische Ressource]
especially problematic when considering the use of
countercyclical fiscal policy. There is evidence in many OECD countries that … countercyclical
fiscal policy has a positive bias, meaning that expenditures are raised in a recession but not
9
sufficiently … Conference on Rules-Based Fiscal Policy in Emerging Market
Economies, Oaxaca, Mexico, February 14-16, 2002. I wish to thank …