This paper analyzes fiscal policy cyclicality, with a specific focus on the Middle East and North Africa region, which is known for its significant output volatility. The paper provides new and more granular evidence on the direction, intensity, and specific fiscal sources of cyclicality. Based on annual data covering 184 countries from 2000 to 2022, the findings suggest that there are important differences in the assessment of countercyclical fiscal...
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2024/10/28
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Documento de trabalho sobre pesquisa de políticas
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WPS10959
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1
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2024/10/28
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Disclosed
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Is Escaping the Fiscal Pro-Cyclicality Trap Possible ? Evidence from the Middle East and North Africa
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