LIBROS DEL AUTOR: keigo kameda

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  • Procyclical Fiscal Policy
    Keigo Kameda / Toshihiro Ihori
    Conventional wisdom dictates that a fiscal policy should be counter-cyclical. However, contrary to this conventional views, recent research has demonstrated that fiscal policy is actually procyclical in most developing countries. In this book, we attempt to propose a new interpretation of this procyclicality after reviewing theoretical and empirical evolution of the research. I...
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