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Fiscal Policy and Civil Conflict

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dc.description.abstract We explore empirically the effect of fiscal policy responses to economic shocks on the likelihood of conflict. Our main finding is that a countercyclical fiscal response to these shocks lowers the likelihood of conflict, particularly in Africa and when considering shocks to the price of mineral commodities as the triggers to macroeconomic cycles. These results are stronger when considering more recent periods and only non-military spending. Although macroeconomic income shocks are behind conflict onset in our framework, the effect of the fiscal response seems to be associated to mechanisms that go beyond macroeconomic stabilization. en
dc.title Fiscal Policy and Civil Conflict en
dc.contributor.author Aguirre, Alvaro
dc.contributor.author Calderón, César
dc.date.accessioned 2015-10-14T22:09:59Z
dc.date.available 2015-10-14T22:09:59Z
dc.date.issued 2015-10-14
dc.identifier.uri http://hdl.handle.net/123456789/53054
lacea.language.supported en
dc.description Working paper
dc.language.iso en
dc.subject Fiscal Policy
dc.subject Civil Conflict
dc.type Working Paper


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