Journal
JOURNAL OF PUBLIC ECONOMICS
Volume 87, Issue 12, Pages 2661-2675Publisher
ELSEVIER SCIENCE SA
DOI: 10.1016/S0047-2727(02)00075-0
Keywords
fiscal policy; volatility; voracity
Categories
Ask authors/readers for more resources
This paper addresses the topic of cyclicality in fiscal policy. In particular, we show that the level of cyclicality varies across spending categories and across OECD countries. In line with leading theories of fiscal cyclicality, we show that countries with volatile output and dispersed political power are the most likely to run procyclical fiscal policies. Wage government consumption is highlighted as the most important channel by which these variables affect fiscal cyclicality. (C) 2002 Elsevier B.V. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available