Autoregressive distributed lag model, counter-cyclicality, fiscal rules, fiscal rule index, pro-cyclicality
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The Impact of Fiscal Rules on Economic Stabilization in Taiwan
Abstract: This study is to construct the national fiscal rule index for Taiwan and investigate the impacts of fiscal rules on stabilizing the economy in Taiwan. We follow the pattern of fiscal rules published by the International Monetary Fund and adopt the methods of Schaechter et al. (2012) and Nerlich and Reuter (2012) to construct the fiscal rules index for Taiwan. The autoregressive distributed lag model is utilized to examine the …
Published in NOLEGEIN Journal of Corporate & Business Laws · Vol. 3, Issue 1, 2020 · pp. 36–43 Read article