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...
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 |
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