{"id":4382,"date":"2012-08-23T21:39:51","date_gmt":"2012-08-23T19:39:51","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=4382"},"modified":"2012-08-27T15:19:45","modified_gmt":"2012-08-27T13:19:45","slug":"fiscal-policy-in-developing-countries-escape-from-procyclicality-2","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/fiscal-policy-in-developing-countries-escape-from-procyclicality-2\/","title":{"rendered":"Fiscal policy in developing countries: Escape from procyclicality"},"content":{"rendered":"<p>Frankel, Jeffrey,\u00a0\u00a0Vegh, Carlos &amp;\u00a0\u00a0Vuletin, Guillermo.<\/p>\n<p>\u00a0With the ongoing financial turmoil in Europe, many emerging market countries are now deemed less risky than so-called \u201cadvanced\u201d countries. This column examines why this is the case and finds that the cyclicality of a country\u2019s fiscal policy \u2013 a sign of its riskiness \u2013 is inversely correlated with the quality of the country\u2019s institutions.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>Voxeu<\/p>\n<p><a href=\"http:\/\/voxeu.org\/article\/how-developing-nations-escaped-procyclical-fiscal-policy\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Frankel, Jeffrey,\u00a0\u00a0Vegh, Carlos &amp;\u00a0\u00a0Vuletin, Guillermo. \u00a0With the ongoing financial turmoil in Europe, many emerging market countries are now deemed less risky than so-called \u201cadvanced\u201d countries. This column examines why this is the case and finds that the cyclicality of a country\u2019s fiscal policy \u2013 a sign of its riskiness \u2013 is inversely correlated with the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,39],"tags":[28,25],"class_list":["post-4382","post","type-post","status-publish","format-standard","hentry","category-18","category-39","tag-28","tag-25"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/4382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=4382"}],"version-history":[{"count":2,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/4382\/revisions"}],"predecessor-version":[{"id":4402,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/4382\/revisions\/4402"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=4382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=4382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=4382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}