What is it about?
This study analyzes the effects of major macroeconomic variables and channels of fiscal policy i.e. automatic stabilizer, cyclical fiscal policy, and discretionary fiscal policy through which fiscal policy contributes to macroeconomic stability
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Why is it important?
This study provide the better understanding and information to stakeholders as well as help the government to predict the impact of its revenue and expenditure on economy at large.
Perspectives
Emerging economies are characterized with poor market mechanism, hence government has to intervene in the market for stabilization. Government has to develop efficient markets and institutions with autonomy, as well as an active and efficient role of government is required for sustainable economic growth in emerging economies.
Dr Kashif Munir
Al Qasimia University
Read the Original
This page is a summary of: Fiscal Policy and Macroeconomic Stability in South Asian Countries, Revista Hacienda Pública Española, March 2019, Instituto Estudios Fiscales,
DOI: 10.7866/hpe-rpe.19.1.1.
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