How Important are Automatic Stabilizers in Europe? A Stochastic Simulation Assessment

Ray Barrell and Álvaro Pina

Economics Working Papers from European University Institute

Abstract: In this paper we formalize budgetary stabilizers as a set of simple policy rules, and assess their operation in an uncertain environment by performing stochastic simulations in a forward-looking multi-country macroeconomic model, NiGEM, comprising individual blocks for 10 Euroland economies.

Keywords: FISCAL POLICY; STOCHASTIC MODELS; SIMULATION (search for similar items in EconPapers)
JEL-codes: E37 E62 E63 H61 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2000
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Citations: View citations in EconPapers (18)

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Related works:
Journal Article: How important are automatic stabilisers in Europe? A stochastic simulation assessment (2004)
Working Paper: How Important are Automatic Stabilisers in Europe? A Stochastic Simulation Assessment (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:eui:euiwps:eco2000/2

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