Do Structural Policies Affect Macroeconomic Stability?:
Using a panel of OECD countries, this study assesses the linkages between structural policies and macroeconomic stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for economic instability and for the persistence of adverse shoc...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2013
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1075 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Using a panel of OECD countries, this study assesses the linkages between structural policies and macroeconomic stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for economic instability and for the persistence of adverse shocks. The results suggest that some growth-enhancing policies such as lowering employment protection also reduce macroeconomic fluctuations, while others may generate trade-offs between growth and stability. A pro-cyclical tax structure seems to help alleviating the persistence of adverse macroeconomic shocks. |
| Beschreibung: | 1 Online-Ressource (31 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5k43krfllgxt-en |
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| spelling | Ziemann, Volker VerfasserIn aut Do Structural Policies Affect Macroeconomic Stability? Volker, Ziemann = Les politiques structurelles affectent-elles la stabilité macroéconomique ? / Volker, Ziemann Les politiques structurelles affectent-elles la stabilité macroéconomique ? Paris OECD Publishing 2013 1 Online-Ressource (31 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1075 Using a panel of OECD countries, this study assesses the linkages between structural policies and macroeconomic stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for economic instability and for the persistence of adverse shocks. The results suggest that some growth-enhancing policies such as lowering employment protection also reduce macroeconomic fluctuations, while others may generate trade-offs between growth and stability. A pro-cyclical tax structure seems to help alleviating the persistence of adverse macroeconomic shocks. Economics FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5k43krfllgxt-en Volltext |
| spellingShingle | Ziemann, Volker Do Structural Policies Affect Macroeconomic Stability? Economics |
| title | Do Structural Policies Affect Macroeconomic Stability? |
| title_alt | Les politiques structurelles affectent-elles la stabilité macroéconomique ? |
| title_auth | Do Structural Policies Affect Macroeconomic Stability? |
| title_exact_search | Do Structural Policies Affect Macroeconomic Stability? |
| title_full | Do Structural Policies Affect Macroeconomic Stability? Volker, Ziemann = Les politiques structurelles affectent-elles la stabilité macroéconomique ? / Volker, Ziemann |
| title_fullStr | Do Structural Policies Affect Macroeconomic Stability? Volker, Ziemann = Les politiques structurelles affectent-elles la stabilité macroéconomique ? / Volker, Ziemann |
| title_full_unstemmed | Do Structural Policies Affect Macroeconomic Stability? Volker, Ziemann = Les politiques structurelles affectent-elles la stabilité macroéconomique ? / Volker, Ziemann |
| title_short | Do Structural Policies Affect Macroeconomic Stability? |
| title_sort | do structural policies affect macroeconomic stability |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/5k43krfllgxt-en |
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