The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond:
This paper assesses to what extent some components of government budgets affected by the macroeconomic situation operate to smooth the business cycle in individual OECD countries. It is shown that these automatic fiscal stabilisers have generally reduced cyclical volatility in the 1990s. However, in...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2000
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | This paper assesses to what extent some components of government budgets affected by the macroeconomic situation operate to smooth the business cycle in individual OECD countries. It is shown that these automatic fiscal stabilisers have generally reduced cyclical volatility in the 1990s. However, in some countries the need to undertake fiscal consolidation in order to improve public finances has forced governments to take discretionary actions that have reduced, or even offset, the effect of automatic fiscal stabilisers. This paper also shows that, by preventing sharp economic fluctuations, fiscal stabilisers may raise long-term economic performance and avoid frequent changes in spending or tax rates. However, they should be employed symmetrically over the cycle in order to avoid costly debt accumulation ... |
| Physical Description: | 1 Online-Ressource (31 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/816628410134 |
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| spelling | van den Noord, Paul Verfasser aut The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond Paul van den Noord Paris OECD Publishing 2000 1 Online-Ressource (31 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper assesses to what extent some components of government budgets affected by the macroeconomic situation operate to smooth the business cycle in individual OECD countries. It is shown that these automatic fiscal stabilisers have generally reduced cyclical volatility in the 1990s. However, in some countries the need to undertake fiscal consolidation in order to improve public finances has forced governments to take discretionary actions that have reduced, or even offset, the effect of automatic fiscal stabilisers. This paper also shows that, by preventing sharp economic fluctuations, fiscal stabilisers may raise long-term economic performance and avoid frequent changes in spending or tax rates. However, they should be employed symmetrically over the cycle in order to avoid costly debt accumulation ... Economics https://doi.org/10.1787/816628410134 Verlag kostenfrei Volltext |
| spellingShingle | van den Noord, Paul The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond Economics |
| title | The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond |
| title_auth | The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond |
| title_exact_search | The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond |
| title_exact_search_txtP | The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond |
| title_full | The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond Paul van den Noord |
| title_fullStr | The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond Paul van den Noord |
| title_full_unstemmed | The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond Paul van den Noord |
| title_short | The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond |
| title_sort | the size and role of automatic fiscal stabilizers in the 1990s and beyond |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/816628410134 |
| work_keys_str_mv | AT vandennoordpaul thesizeandroleofautomaticfiscalstabilizersinthe1990sandbeyond |