Procyclical Fiscal Policy

• Main Authors: Ihori, Toshihiro (Author, http://id.loc.gov/vocabulary/relators/aut), Kameda, Keigo (http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Singapore : Springer Singapore : Imprint: Springer, 2018.
• Edition: 1st ed. 2018.
• Series: Development Bank of Japan Research Series,
• Subjects: Public finance.; Asia-Economic conditions.; Public Economics.; Asian Economics.

Conventional wisdom dictates that a fiscal policy should be counter-cyclical. However, contrary to this conventional views, recent research has demonstrated that fiscal policy is actually procyclical in most developing countries. In this book, we attempt to propose a new interpretation of this procy...