Do Good Institutions Promote Countercyclical Macroeconomic Policies?
نویسندگان
چکیده
منابع مشابه
Do Good Institutions Promote Counter-Cyclical Macroeconomic Policies?
The literature has argued that developing countries are unable to adopt counter-cyclical monetary and fiscal policies due to financial imperfections and unfavorable politicaleconomy conditions. Using a world sample of 115 industrial and developing countries for 1984-2008, we find that the level of institutional quality plays a key role in countries' ability to implement counter-cyclical macroec...
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ژورنال
عنوان ژورنال: Oxford Bulletin of Economics and Statistics
سال: 2016
ISSN: 0305-9049
DOI: 10.1111/obes.12132