Government Size and Output Volatility.

The paper takes stock of the debate on the positive link between output volatility and the size of government-which reflects automatic stabilizers. After a survey of the literature, we show that the contribution of automatic stabilizers to output stability may have disappeared since the 1990s. Howev...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Pisani-Ferry, Jean
Otros Autores: Debrun, Xavier, Sapir, André
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2008.
Colección:IMF Working Papers.
Temas:
Economic stabilization > European Union countries.
Monetary policy > European Union countries.
Stabilisation économique > Pays de l'Union européenne.
Politique monétaire > Pays de l'Union européenne.
Economic stabilization
Monetary policy
European Union countries
Acceso en línea:Texto completo
Descripción
Sumario:The paper takes stock of the debate on the positive link between output volatility and the size of government-which reflects automatic stabilizers. After a survey of the literature, we show that the contribution of automatic stabilizers to output stability may have disappeared since the 1990s. However, econometric analysis suggests that the breakdown in the government size-volatility relationship largely reflects temporary developments (better monetary management and financial intermediation). Once these factors are taken into account, the stabilizing role of government size remains important.
Notas:A6. Government Size and Volatility: Interactions and Non-linearities (Pooled OLS, 1961- 2007).
Descripción Física:1 online resource (55 pages)
ISBN:9781451914368
1451914369

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