The budget should have opted for a stronger countercyclical fiscal policy to reverse the slowdown.

Fiscal policy is the cornerstone of macroeconomic ... The second is to strengthen countercyclical adjustments. Since 2010, China has maintained its position as the world's second-largest economy ...

China is poised to implement a clear-cut fiscal policy in 2025 that aims to intensify countercyclical regulation and will be "highly proactive," officials said Friday. As part of the policy ...

In contrast, fiscal policy measures, such as infrastructure spending or tax reforms, can have broader and longer-term implications for economic growth and development. On counter-cyclical fiscal ...

Budget 2025 in India continued its planned consolidation with a deficit target of 4.4% of GDP despite calls for ...

Chevalier, Judith A., and David S. Scharfstein. "Capital Market Imperfections and Countercyclical Markups: Theory and Evidence." American Economic Review 86, no. 4 ...

However, in the above mentioned paper I show not only the asymmetric nature of business cycles, but also that counter-cyclical fiscal policy is only effective provided the level of debt to GDP is ...