Paper Title
Procyclical Fiscal Policy: Impact on Macroeconomic Stability and Fiscal Approach in Uzbekistan
Abstract
Abstract –
Purpose: The aims of this paper are to evaluate the causes of procyclical fiscal policy and its impact on macroeconomic condition. It also provides the fiscal policy assessment of Uzbekistan.
Methodology: To evaluate the fiscal policy of Uzbekistan the study employs Lane (2003) and Woo (2009) models and Kaminsky et al. (2004) composite unit of measurementbased on annual data for 2009-2020.
Findings: The results of the research derived from using both methods show that Uzbekistan pursued a procyclical fiscal policy during the period under view.
Keywords - Procyclical Fiscal Policy, Debt, Corruption, Mineral Resources, Fiscal Discipline, Uzbekistan