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We study the smoothing impact of fiscal stabilizers (proxied by government expenditures or revenues) on business cycle volatility for a panel of EU countries in the period 1970-99. The results show that the business cycle volatility smoothing effect of fiscal stabilizers may revert at high levels. We present evidence that for government expenditure ratios exceeding an estimated value of about 38 percent, a further expansion in the size of the government could actually lead to an increase in cyclical volatility. This may call for a reconsideration of the use of fiscal stabilizers for business cycle smoothing.
Book Synopsis The Fiscal Smile by : Maria Antoinette Silgoner
Download or read book The Fiscal Smile written by Maria Antoinette Silgoner and published by International Monetary Fund. This book was released on 2003-09-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the smoothing impact of fiscal stabilizers (proxied by government expenditures or revenues) on business cycle volatility for a panel of EU countries in the period 1970-99. The results show that the business cycle volatility smoothing effect of fiscal stabilizers may revert at high levels. We present evidence that for government expenditure ratios exceeding an estimated value of about 38 percent, a further expansion in the size of the government could actually lead to an increase in cyclical volatility. This may call for a reconsideration of the use of fiscal stabilizers for business cycle smoothing.
Download or read book Commerce and Finance written by and published by . This book was released on 1925 with total page 1168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Publications Catalog by : International Monetary Fund
Download or read book Publications Catalog written by International Monetary Fund and published by . This book was released on 2004 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bankers' Magazine and State Financial Register by :
Download or read book Bankers' Magazine and State Financial Register written by and published by . This book was released on 1909 with total page 1060 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Concurrent Resolution on the Budget for Fiscal Year 2008, S. Hrg. 110-162, Vol. 1, January 11, 2007..., 110-1 Hearings, * by :
Download or read book Concurrent Resolution on the Budget for Fiscal Year 2008, S. Hrg. 110-162, Vol. 1, January 11, 2007..., 110-1 Hearings, * written by and published by . This book was released on 2008 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Department of Defense Authorization for Appropriations for Fiscal Year 2006 by : United States. Congress. Senate. Committee on Armed Services
Download or read book Department of Defense Authorization for Appropriations for Fiscal Year 2006 written by United States. Congress. Senate. Committee on Armed Services and published by . This book was released on 2006 with total page 978 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Supplemental Appropriations for Fiscal Year 2003 by : United States. Congress. Senate. Committee on Appropriations
Download or read book Supplemental Appropriations for Fiscal Year 2003 written by United States. Congress. Senate. Committee on Appropriations and published by . This book was released on 2003 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis 1990 Tax Return Filing Season and the Administration's Fiscal Year 1991 Budget Proposals Relating to the Internal Revenue Service by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight
Download or read book 1990 Tax Return Filing Season and the Administration's Fiscal Year 1991 Budget Proposals Relating to the Internal Revenue Service written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1990 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Hearings by : United States. Congress. House. Committee on Ways and Means
Download or read book Hearings written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1968 with total page 1384 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Country Life written by and published by . This book was released on 1910 with total page 984 pages. Available in PDF, EPUB and Kindle. Book excerpt:
