| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6372 |
| 来源ID | Working Paper 6372 |
| Consumption Smoothing through Fiscal Policy in OECD and EU Countries | |
| Adriana Arreaza; Bent E. Sorensen; Oved Yosha | |
| 发表日期 | 1998 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | We measure the amount of smoothing achieved through various components of the government deficit in EU and OECD countries. For EU countries, at the 1-year frequency percent of shocks to GDP are smoothed via government consumption, 18 percent via transfers percent via subsidies, while taxes provide no smoothing. The results for OECD countries are similar. Government transfers provide more smoothing of negative than of positive shocks among EU countries. There seems to be no trade-off between high government deficits in a country and the ability to smooth consumption. We find that in countries where there is delegation' of power or where fiscal targets are negotiated effectively by coalition members consumption smoothing via government consumption and government transfers is considerably higher. We interpret this finding as evidence that effective budgetary institutions can accomplish efficient consumption smoothing via government deficit spending and lower average deficits. |
| 主题 | Macroeconomics ; Consumption and Investment ; Fiscal Policy |
| URL | https://www.nber.org/papers/w6372 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563876 |
| 推荐引用方式 GB/T 7714 | Adriana Arreaza,Bent E. Sorensen,Oved Yosha. Consumption Smoothing through Fiscal Policy in OECD and EU Countries. 1998. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6372.pdf（1244KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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