Unemployment benefits and other social spending are also designed to rise during a downturn. These cyclical changes make fiscal policy automatically expansionary during downturns and contractionary ...
In truth, it is a strong signal of a counter-cyclical fiscal policy that treads the fine balance between growth-enhancing and growth-distributing Budget. India’s economic growth has been strong ...
However, in the above mentioned paper I show not only the asymmetric nature of business cycles, but also that counter-cyclical fiscal policy is only effective provided the level of debt to GDP is ...
Unemployment benefits and other social spending are also designed to rise during a downturn. These cyclical changes make fiscal policy automatically expansionary during downturns and contractionary ...
Fiscal policy in India refers to the ... necessary borrowing for expenditures and maintaining fiscal discipline. Countercyclical fiscal policies have been deployed to address economic downturns ...
But, just as Fed Chairman Jerome Powell characterized the central bank's 50-basis point rate cut as a “recalibration” of policy, rather than a reaction to a softening economy ... Currently, KLAC pays ...