Restraining Yourself: Fiscal Rules and Stabilization
State budgets in the United States played a significant macroeconomic role in the 1970s and 1980s, and the level of cyclical responsiveness was affected by the severity of statutory and constitutional fiscal restraints. Moving from no fiscal restraints to the most stringent restraints lowered the fi...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1994
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Schriftenreihe: | IMF Working Papers
Working Paper No. 94/82 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | State budgets in the United States played a significant macroeconomic role in the 1970s and 1980s, and the level of cyclical responsiveness was affected by the severity of statutory and constitutional fiscal restraints. Moving from no fiscal restraints to the most stringent restraints lowered the fiscal offset to income fluctuations by around 40 percent. Simulations indicate that a reduction in aggregate fiscal stabilizers of this size could lead to a significant increase in the variance of aggregate output |
Beschreibung: | 1 Online-Ressource (24 p) |
ISBN: | 1451954700 9781451954708 |
Internformat
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spelling | Eichengreen, Barry J. Verfasser aut Restraining Yourself Fiscal Rules and Stabilization Eichengreen, Barry J Washington, D.C International Monetary Fund 1994 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 94/82 State budgets in the United States played a significant macroeconomic role in the 1970s and 1980s, and the level of cyclical responsiveness was affected by the severity of statutory and constitutional fiscal restraints. Moving from no fiscal restraints to the most stringent restraints lowered the fiscal offset to income fluctuations by around 40 percent. Simulations indicate that a reduction in aggregate fiscal stabilizers of this size could lead to a significant increase in the variance of aggregate output Online-Ausg Bayoumi, Tamim Sonstige oth http://elibrary.imf.org/view/IMF001/05969-9781451954708/05969-9781451954708/05969-9781451954708.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Eichengreen, Barry J. Restraining Yourself Fiscal Rules and Stabilization |
title | Restraining Yourself Fiscal Rules and Stabilization |
title_auth | Restraining Yourself Fiscal Rules and Stabilization |
title_exact_search | Restraining Yourself Fiscal Rules and Stabilization |
title_exact_search_txtP | Restraining Yourself Fiscal Rules and Stabilization |
title_full | Restraining Yourself Fiscal Rules and Stabilization Eichengreen, Barry J |
title_fullStr | Restraining Yourself Fiscal Rules and Stabilization Eichengreen, Barry J |
title_full_unstemmed | Restraining Yourself Fiscal Rules and Stabilization Eichengreen, Barry J |
title_short | Restraining Yourself |
title_sort | restraining yourself fiscal rules and stabilization |
title_sub | Fiscal Rules and Stabilization |
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