politicians generates a procyclical bias in government spending. The introduction of fiscal transparency generates two new … redictions: 1) the procyclical bias in fiscal policy arises only in good times; and 2) a higher degree of fiscal transparency … reduces the bias in good times. We find solid empirical support for both predictions using data on both OECD countries and a …

According to the productivity bias hypothesis countries have a tendency for real appreciation in their domestic … the bias is more prominent in government sector compared to other component of aggregate spending …

to the fiscal policy literature is in disentangling the existence of selection publication bias in the literature …