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Simple, implementable fiscal policy rules /

This paper analyzes the scope for systematic rules-based fiscal activism in open economies. Relative to a balanced budget rule, automatic stabilizers significantly improve welfare. But they minimize fiscal instrument volatility rather than business cycle volatility. A more aggressively countercyclic...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Kumhof, Michael (Autor), Laxton, Douglas (Autor)
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, DC] : International Monetary Fund (IMF), ©2009.
Colección:IMF working paper ; WP/09/76.
Temas:
Acceso en línea:Texto completo