Did Fiscal Space Foster Covid-19's Fiscal Stimuli ?
Résumé
Using a large sample of 125 countries we evaluate the effect of the pre-Covid-19 fiscal space on the size of the fiscal stimulus packages in response to the virus. We find that higher ratings and higher tax revenues (to public debt) predict the size of fiscal stimuli, while public debt (to GDP) does not. These findings vary with countries' level of economic development and the type of fiscal stimuli.
Domaines
Economies et finances
Origine : Fichiers produits par l'(les) auteur(s)