Why Do More Polarized Countries Run More Procyclical Fiscal Policy?

By Jaejoon Woo. Review of Economics and Statistics, 2009

188 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Flexible Fiscal Rules and Countercyclical Fiscal Policy (2016, background): “…for tackling the root causes of fiscal profligacy, including notably issues related to polarized social preferences (Talvi and Végh, 2005; and Woo, 2009), conflicts of interest between political parties (Alesina and Tabellini, 1990), agency problem between voters and politicians (Alesina and…”
Government Debt and Economic Growth (2013, background): “Thus, high public debt reduces the ability to implement countercyclical fiscal policies, resulting in higher volatility and lower growth (Aghion and Kharroubi, 2007; Woo, 2009).”
Policy Volatility, Institutions, and Economic Growth (2013, methodology): “4 Woo (2009) also provides evidence that mismanagement in fiscal policy measured as procyclical and volatile fiscal policy can harm growth. macroeconomic policy.”
Walking Hand in Hand: Fiscal Policy and Growth in Advanced Economies (2012, unknown): “9 Some have also argued that pub7 High debt is also likely to constrain the scope for countercyclical fiscal policies, which may result in higher output volatility (Aghion and Kharroubi, 2007; Woo, 2009).”