TITLE:
Evaluation of the Global Growth Effectiveness of Expansionary Fiscal Policies in Contracting Periods through Country Practices
AUTHORS:
Tuğba Demirtaş
KEYWORDS:
Expansionary Fiscal Policy, Growth, Shrinking Period, Developed and Developing Countries
JOURNAL NAME:
Modern Economy,
Vol.14 No.12,
December
22,
2023
ABSTRACT: It is controversial at the global level whether the expansionary fiscal
policies implemented during the economic
contraction are pro-growth. Reaching conclusions on discussion points is possible by observing theory
and practice. While this study
examines policies between 2007 and 2009 with examples from developed and
developing countries, it also includes different approaches to the ideal policy
set in the literature. In the light of discussions in the literature, the
harmony between countries’ fiscal
policies and their implementation areas also reveals their effectiveness in
global growth.