Evaluation of the Global Growth Effectiveness of Expansionary Fiscal Policies in Contracting Periods through Country Practices

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.