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Consumption Smoothing Through Fiscal Policy in OECD and EU Countries

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  • Arreaza, A.
  • Sorensen, B.E.
  • Yosha, O.

Abstract

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, 13 % of shocks to GDP are smoothed via government consumption, 18 percent via transfers, 5 % 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.

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Bibliographic Info

Paper provided by Tel Aviv in its series Papers with number 37-97.

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Length: 34 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:teavfo:37-97

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Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.
Phone: 972-3-640-9255
Fax: 972-3-640-5815
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Web page: http://econ.tau.ac.il/research/foerder.asp
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Keywords: DEFICIT ; INCOME ; INSURANCE ; CAPITAL ; RISK ; FINANCIAL MARKET ; CONSUMPTION;

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