| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6258 |
| DP6258 Exclusionary Pricing and Rebates When Scale Matters | |
| Massimo Motta; Liliane Karlinger | |
| 发表日期 | 2007-04-16 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | The macroeconomic literature on automatic stabilization tends to focus on taxes and dismiss the relevance of government expenditure, aside from unemployment compensation. Our results go sharply contrary to this view. We engage in an empirical analysis of 20 OECD countries from 1980-2001 and find that age- and health-related social expenditure as well as incapacity benefits all react to the cycle in a stabilizing manner. While possibly new in the macro literature, this conforms to many results in studies of labour and health. Moreover, when the focus is on the ratio of the net surplus to output, automatic stabilization comes essentially from the spending side. Taxes contribute nothing at all. |
| 主题 | International Macroeconomics |
| 关键词 | Automatic stabilization Cyclically adjusted budget balances Discretionary fiscal policy |
| URL | https://cepr.org/publications/dp6258 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535076 |
| 推荐引用方式 GB/T 7714 | Massimo Motta,Liliane Karlinger. DP6258 Exclusionary Pricing and Rebates When Scale Matters. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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