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Consumption Smoothing Through Fiscal Policy in OECD and EU Countries Author info | Abstract | Publisher info | Download info | Related research | Statistics Arreaza, A.
Sorensen, B.E.
Yosha, O.
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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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Paper provided by Tel Aviv in its series Papers with number
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Length: 34 pages
Date of creation: 1997Date of revision:
Handle: RePEc:fth:teavfo:37-97Contact details of provider: 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 Email: Web page: http://econ.tau.ac.il/research/foerder.asp More information through EDIRC
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Keywords: DEFICIT ; INCOME ; INSURANCE ; CAPITAL ; RISK ; FINANCIAL MARKET ; CONSUMPTION ; Other versions of this item:
Find related papers by JEL classification: E2 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook F15 - International Economics - - Trade - - - Economic Integration G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
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