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The Crisis And Fiscal Policy In Developing Countries

Author

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  • DUDAS LAVINIA

    (VASILE GOLDIS WESTERN UNIVERSITY OF ARAD)

Abstract

Several years after its burst, the recent economic crisis still has remains on the global economy. Given its magnitude, many countries all over the world adopted measures in order to fight with its effects. Particularly in developed countries, the size of the fiscal stimulus generated an unprecedented effort in academia for assessing the sign and the magnitude of these important fiscal stimuli. Using content analysis, this paper is focusing on studies that are assessing fiscal multipliers in developing countries, principally in European countries and presents the main results. The main conclusion is that there is a very small number of studies that are assessing fiscal multiplier in developing countries and only three identified on countries from Central and Eastern Europe.

Suggested Citation

  • Dudas Lavinia, 2018. "The Crisis And Fiscal Policy In Developing Countries," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 106-112, December.
    • Handle: RePEc:cbu:jrnlec:y:2018:v:special:p:106-112
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    References listed on IDEAS

    as
    1. Jean-Louis Combes & Alexandru Minea & Lavinia Mustea & Thierry Yogo, 2016. "Output effects of fiscal stimulus in Central and Eastern European countries," Post-Communist Economies, Taylor & Francis Journals, vol. 28(1), pages 108-127, January.
    2. repec:dgr:rugsom:09002 is not listed on IDEAS
    3. Reinhart, Carmen & Rogoff, Kenneth, 2009. "This Time It’s Different: Eight Centuries of Financial Folly-Chapter 1," MPRA Paper 17452, University Library of Munich, Germany.
    4. Ethan Ilzetzki & Carlos A. Vegh, 2008. "Procyclical Fiscal Policy in Developing Countries: Truth or Fiction?," NBER Working Papers 14191, National Bureau of Economic Research, Inc.
    5. Jakob von Weizsäcker, 2009. "Estimating the size of the European stimulus packages," Bruegel Policy Contributions 266, Bruegel.
    6. repec:rnp:ecopol:09111 is not listed on IDEAS
    7. Jean-Louis Combes & Alexandru Minea & Lavinia Mustea & Mousse Ndoye Sow, 2014. "The Euro and the Crisis: Evidence on Recent Fiscal Multipliers," Revue d'économie politique, Dalloz, vol. 124(6), pages 1013-1038.
    8. Ambriško, Róbert & Babecký, Jan & Ryšánek, Jakub & Valenta, Vilém, 2015. "Assessing the impact of fiscal measures on the Czech economy," Economic Modelling, Elsevier, vol. 44(C), pages 350-357.
    9. Verick, Sher. & Islam, Iyanatul,, 2010. "The great recession of 2008-2009 : causes, consequences and policy responses," ILO Working Papers 994576933402676, International Labour Organization.
    10. Ilzetzki, Ethan & Mendoza, Enrique G. & Végh, Carlos A., 2013. "How big (small?) are fiscal multipliers?," Journal of Monetary Economics, Elsevier, vol. 60(2), pages 239-254.
    11. Reinhart, Carmen & Rogoff, Kenneth, 2009. "This Time It’s Different: Eight Centuries of Financial Folly-Preface," MPRA Paper 17451, University Library of Munich, Germany.
    12. Bezemer, Dirk J, 2009. "“No One Saw This Coming”: Understanding Financial Crisis Through Accounting Models," MPRA Paper 15892, University Library of Munich, Germany.
    13. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    14. Bezemer, D.J., 2009. "No one saw this coming. Understanding financial crisis through accounting models," Research Report 09002, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    Full references (including those not matched with items on IDEAS)

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