The empirical literature on budget cyclicality has generally focused more on assessing the degree of pro-cyclicality in federal (central government) revenues and expenditures and less on budget cyclicality at the sub-national level in multi-tiered systems. This paper attempts to contribute to the literature on budget cyclicality by examining how sub-national fiscal revenues and expenditures are linked to the business cycle in Brazil, particularly...
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INFORMATION
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2009/12/01
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Document de travail de recherche sur les politiques
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WPS5144
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1
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1
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2010/07/01
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Disclosed
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Pro-cyclical fiscal policy in brazil: evidence from the states
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Finance & Private Sector Development
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