Saturday, January 2, 2021

Fiscal Multipliers and Growth Cycle

According to the article, fiscal policy in Malaysia is pro-cyclical, especially after the 1998 East Asian financial crisis (1981 to 2010 sample period)

https://openknowledge.worldbank.org/bitstream/handle/10986/3268/WPS5982.pdf?sequence=1&isAllowed=y


“Rafiq, Sohrab; Zeufack, Albert. 2012. Fiscal Multipliers over the Growth Cycle : Evidence from Malaysia. Policy Research working paper; no. WPS 5982. World Bank. © World Bank. https://openknowledge.worldbank.org/handle/10986/3268 License: CC BY 3.0 IGO.”


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