HKS Affiliated Authors


A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile. Jeffrey Frankel, 2013, Paper. "After two decades of relative neglect, fiscal policy is back at the center of the economics research agenda. The fiscal developments around the global financial crisis of 2007-2009 and its aftermath are undoubtedly a major factor behind that comeback. The large fiscal stimulus packages adopted by many countries in the face of large adverse shocks have triggered an unusually heated debate among academics, policymakers and commentators alike..." Link