The behavior of fiscal policy in Indonesia in response to economic cycles
The current general wisdom regarding fiscal policy in response to fluctuations in economic cycles is to adopt countercyclical strategies: contractive during a boom to avoid overheating the economy and expansive during a recession to stimulate economic activity. This paper attempts to investigate the practical behavior of fiscal policy in Indonesia in response to economic cycles to establish whether it follows general fiscal wisdom (countercyclical) or amplifies the cycle (procyclical). An error...[Show more]
|Collections||ANU Research Publications|
|Source:||Singapore Economic Review|
|210923-singapore.pdf||Published version||299.71 kB||Adobe PDF||Request a copy|
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