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Government Size And Output Volatility Should We Forsake Automatic Stabilization 1st Edition Jean Pisaniferry Xavier Debrun Andr Sapir

  • SKU: BELL-51713804
Government Size And Output Volatility Should We Forsake Automatic Stabilization 1st Edition Jean Pisaniferry Xavier Debrun Andr Sapir
$ 31.00 $ 45.00 (-31%)

4.0

6 reviews

Government Size And Output Volatility Should We Forsake Automatic Stabilization 1st Edition Jean Pisaniferry Xavier Debrun Andr Sapir instant download after payment.

Publisher: International Monetary Fund
File Extension: EPUB
File size: 1.56 MB
Pages: 55
Author: Jean Pisani-Ferry; Xavier Debrun; André Sapir
ISBN: 9781451914368, 1451914369
Language: English
Year: 2008
Edition: 1

Product desciption

Government Size And Output Volatility Should We Forsake Automatic Stabilization 1st Edition Jean Pisaniferry Xavier Debrun Andr Sapir by Jean Pisani-ferry; Xavier Debrun; André Sapir 9781451914368, 1451914369 instant download after payment.

The paper takes stock of the debate on the positive link between output volatility and the size of government-which reflects automatic stabilizers. After a survey of the literature, we show that the contribution of automatic stabilizers to output stability may have disappeared since the 1990s. However, econometric analysis suggests that the breakdown in the government size-volatility relationship largely reflects temporary developments (better monetary management and financial intermediation). Once these factors are taken into account, the stabilizing role of government size remains important although little extra stability can be gained by expanding public expenditure beyond 40 percent of GDP.

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