Governments' Fiscal Policies Shaped by Debt, Economy, and Demographics
The study looked at what influences how governments spend money and how stable their spending habits are over time. They used data from many countries between 1990 and 2012. The results showed that factors like debt levels, economic growth, and financial stability affect how governments make spending decisions. Countries with higher debt tend to change their spending more often. But having clear rules and good institutions can make government spending more stable.