Discretionary fiscal policy in Vietnam over business cycles and inflation, 1990-2015

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dc.contributor Helsingin yliopisto, Valtiotieteellinen tiedekunta, Politiikan ja talouden tutkimuksen laitos fi
dc.contributor University of Helsinki, Faculty of Social Sciences, Department of Political and Economic Studies en
dc.contributor Helsingfors universitet, Statsvetenskapliga fakulteten, Institutionen för politik och ekonomi sv
dc.contributor.author Nguyen, Quang Minh
dc.date.issued 2017
dc.identifier.uri URN:NBN:fi:hulib-201706195073
dc.identifier.uri http://hdl.handle.net/10138/193688
dc.description.abstract This study examines the cyclicality of discretionary fiscal policy in Vietnam using annual time series from 1990 to 2015. The change in cyclically adjusted balance (fiscal impulse) is utilized as the indicator of active fiscal action, while the output gap as the proxy for business cycle. Evidence shows discretionary fiscal policy follows a procyclical trend over business cycles, but reversed since 2008. In addition, discretionary fiscal policy is more procyclical during recessions than in booms. Finally, discretionary fiscal policy tends to react to inflation in a stabilizing way, i.e., contractive after inflation surges and expansive after inflation dives. This suggests that Vietnam has been using discretionary fiscal policy to stabilize general price level rather than output cycles. en
dc.language.iso eng
dc.publisher Helsingfors universitet sv
dc.publisher University of Helsinki en
dc.publisher Helsingin yliopisto fi
dc.subject discretionary fiscal policy en
dc.subject inflation en
dc.subject business cycles en
dc.title Discretionary fiscal policy in Vietnam over business cycles and inflation, 1990-2015 en
dc.type.ontasot pro gradu -tutkielmat fi
dc.type.ontasot master's thesis en
dc.type.ontasot pro gradu-avhandlingar sv
dc.subject.discipline Talous- ja sosiaalihistoria fi
dc.subject.discipline Economic and Social History en
dc.subject.discipline Ekonomisk och social historia sv
dct.identifier.urn URN:NBN:fi:hulib-201706195073

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