Stylized Facts of Government Finance in the G-7:
The stylized facts of government finance in the Group of Seven (G-7) industrial countries show that revenues lag real GDP procyclically, while government spending in most cases fails to lead the economy procyclically. This finding is not confined to transfers but also applies to the wage component o...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1997
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Schriftenreihe: | IMF Working Papers
Working Paper No. 97/142 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The stylized facts of government finance in the Group of Seven (G-7) industrial countries show that revenues lag real GDP procyclically, while government spending in most cases fails to lead the economy procyclically. This finding is not confined to transfers but also applies to the wage component of government consumption as well as, in most cases, to government fixed investment. Government deficits are always countercyclical but there is little evidence that stabilization is equally successful in stimulating the economy before shocks materialize |
Beschreibung: | 1 Online-Ressource (54 p) |
ISBN: | 1451927576 9781451927573 |
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spelling | Fiorito, Riccardo Verfasser aut Stylized Facts of Government Finance in the G-7 Fiorito, Riccardo Washington, D.C International Monetary Fund 1997 1 Online-Ressource (54 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/142 The stylized facts of government finance in the Group of Seven (G-7) industrial countries show that revenues lag real GDP procyclically, while government spending in most cases fails to lead the economy procyclically. This finding is not confined to transfers but also applies to the wage component of government consumption as well as, in most cases, to government fixed investment. Government deficits are always countercyclical but there is little evidence that stabilization is equally successful in stimulating the economy before shocks materialize Online-Ausg http://elibrary.imf.org/view/IMF001/06546-9781451927573/06546-9781451927573/06546-9781451927573.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Fiorito, Riccardo Stylized Facts of Government Finance in the G-7 |
title | Stylized Facts of Government Finance in the G-7 |
title_auth | Stylized Facts of Government Finance in the G-7 |
title_exact_search | Stylized Facts of Government Finance in the G-7 |
title_exact_search_txtP | Stylized Facts of Government Finance in the G-7 |
title_full | Stylized Facts of Government Finance in the G-7 Fiorito, Riccardo |
title_fullStr | Stylized Facts of Government Finance in the G-7 Fiorito, Riccardo |
title_full_unstemmed | Stylized Facts of Government Finance in the G-7 Fiorito, Riccardo |
title_short | Stylized Facts of Government Finance in the G-7 |
title_sort | stylized facts of government finance in the g 7 |
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