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On the effectiveness and limits of fiscal stabilizers

[Zeitschriftenartikel]

Reitschuler, Gerhard; Crespo Cuaresma, Jesus; Silgoner, Maria Antoinette

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-242667

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Abstract The smoothing impact of fiscal stabilizers (proxied by government expenditures) on business cycle volatility is studied for a panel of EU countries in the period 1970-1999. Special emphasis is put on the investigation of possible nonlinearities in the relationship between GDP growth volatility and fiscal stabilizers. The results show that the business cycle volatility smoothing effect of fiscal stabilizers may revert at high levels. The results also hold when using government revenues as a proxy for fiscal stabilizers.
Klassifikation Volkswirtschaftstheorie
Sprache Dokument Englisch
Publikationsjahr 2009
Seitenangabe S. 1079-1086
Zeitschriftentitel Applied Economics (2009)
DOI http://dx.doi.org/10.1080/00036840802600251
ISSN 1466-4283
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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