With a permanently pro-cyclical fiscal policy, we could lose democracy and monetary policy
<p><span lang="EN-US">This article shows that if, in a young democracy with weak institutions, one and the same party governs in virtually all upswings of the business cycle and promotes each time pro-cyclical fiscal policies, three serious negative effects emerge. The first is t...
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| Format: | Article |
| Language: | English |
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Babes Bolyai University
2018-06-01
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| Series: | Transylvanian Review of Administrative Sciences |
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| Online Access: | https://rtsa.ro/tras/index.php/tras/article/view/557 |