Consumption Smoothing Through Fiscal Policy in OECD and EU Countries
Bent Sorensen and
Working Papers from Tel Aviv
We measure the amount of smoothing achieved through various components of the government deficit in Eu and OECD countries. For EU countries, at the 1-year frequency, 13 % of shocks to GDP are smoothed via government consumption, 18 percent via transfers, 5 % via subsidies, while taxes provide no smoothing. The results for OECD countries are similar. Government transfers provide more smoothing of negative than of positive shocks among EU countries.
Keywords: DEFICIT; INCOME; INSURANCE; CAPITAL; RISK; FINANCIAL MARKET; CONSUMPTION (search for similar items in EconPapers)
JEL-codes: E2 E6 F15 G15 (search for similar items in EconPapers)
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Chapter: Consumption Smoothing through Fiscal Policy in OECD and EU Countries (1999)
Working Paper: Consumption Smoothing through Fiscal Policy in OECD and EU Countries (1998)
Working Paper: Consumption Smoothing Through Fiscal Policy in OECD and EU Countries (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:37-97
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