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On the effectiveness and limits of fiscal stabilizers
[journal article]
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 f... view more
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.... view less
Classification
National Economy
Document language
English
Publication Year
2009
Page/Pages
p. 1079-1086
Journal
Applied Economics (2009)
DOI
https://doi.org/10.1080/00036840802600251
ISSN
1466-4283
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)