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Government Size and Output Volatility : : Should We Forsake Automatic Stabilization? / / Jean Pisani-Ferry, Xavier Debrun, André Sapir
| Government Size and Output Volatility : : Should We Forsake Automatic Stabilization? / / Jean Pisani-Ferry, Xavier Debrun, André Sapir |
| Autore | Pisani-Ferry Jean |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (55 p.) |
| Disciplina | 337.142 |
| Altri autori (Persone) |
DebrunXavier
SapirAndré |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Economic stabilization - European Union countries
Monetary policy - European Union countries Macroeconomics Public Finance Comparative or Joint Analysis of Fiscal and Monetary Policy Stabilization Treasury Policy National Government Expenditures and Related Policies: General Fiscal Policy Macroeconomics: Consumption Saving Wealth Public finance & taxation Expenditure Automatic stabilizers Fiscal stabilization Fiscal policy Consumption Expenditures, Public Economics |
| ISBN |
1-4623-3461-X
1-4527-5211-7 1-4518-6982-7 1-282-84076-2 9786612840760 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Does Volatility Matter? Does Government Matter?; III. Automatic Stabilizers and the Great Moderation; A. Do bigger governments deliver greater macroeconomic stability?; B. Fiscal stabilization is not a free lunch; C. The Great Moderation: Why has output volatility declined?; Figures; 1. United States: Volatility of GDP and Consumption; 2. The Taylor Curve and the Inflation-Output Volatility Trade-off; IV. Government Size, Fiscal Stabilization and Volatility; A. The End of Big Government?; 3. Selected OECD Countries: Total Expenditure to GDP Ratio (1963-2006)
4. Selected OECD Countries: Social-Security vs. Non-Social-Security Expenditure5. Selected OECD Countries: Openness to Trade and Government Size (1963-2006); B. The Great Moderation: Beyond the United States; 6. Selected OECD Countries: The Great Moderation (1963-2006); 7. Selected OECD Countries: The Great Moderation in More Open Economies; 8. Selected OECD Countries: Volatility by Country Groupings; 9. The Changing Relationship between Volatility and Government Size; C. What Stabilizes Private Consumption?; 10. Selected OECD Countries: Government Size and Change in Output Volatility 11. United States: Variance Decomposition of Household Consumption 12. Selected Euro Area Countries Variance Decomposition of Household Consumption; V. A Fresh Look at the Link between Government Size and Volatility; A. Specification and Econometric Issues; B. Results; Tables; 1. Government Size and Volatility: Basic Results; 2. Government Size and the; 3. Government Size and Volatility: Interactions and Non-linearities (Pooled OLS, 1961- 2007); 13. Estimated Impact on Volatility of an Increase in Government Expenditure by percentage point of GDP 4. Output Volatility and Alternative Measures of Government Size (pooled OLS)VI. Conclusions; References; Appendix; Appendix Tables; A1. Government Size and Volatility: Basic Results with Output Gap Volatility; A2. Government Size and Volatility: Additional Controls; A3. Government and Volatility: Instrumental Variables (Pooled TSLS, period fixed effects, 1961-2007); A4. Government Size and the Great Moderation (Pooled OLS, 1961-2007); A5. Government and Volatility: Instrumental Variables (Pooled TSLS, period fixed effects, 1961-2007) A6. Government Size and Volatility: Interactions and Non-linearities (Pooled OLS, 1961- 2007) |
| Record Nr. | UNINA-9910788237703321 |
Pisani-Ferry Jean
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Government Size and Output Volatility : : Should We Forsake Automatic Stabilization? / / Jean Pisani-Ferry, Xavier Debrun, André Sapir
| Government Size and Output Volatility : : Should We Forsake Automatic Stabilization? / / Jean Pisani-Ferry, Xavier Debrun, André Sapir |
| Autore | Pisani-Ferry Jean |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (55 p.) |
| Disciplina | 337.142 |
| Altri autori (Persone) |
DebrunXavier
SapirAndré |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Economic stabilization - European Union countries
Monetary policy - European Union countries Automatic stabilizers Comparative or Joint Analysis of Fiscal and Monetary Policy Consumption Economics Expenditure Expenditures, Public Fiscal Policy Fiscal policy Fiscal stabilization Macroeconomics Macroeconomics: Consumption National Government Expenditures and Related Policies: General Public finance & taxation Public Finance Saving Stabilization Treasury Policy Wealth |
| ISBN |
9786612840760
9781462334612 146233461X 9781452752112 1452752117 9781451869828 1451869827 9781282840768 1282840762 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Does Volatility Matter? Does Government Matter?; III. Automatic Stabilizers and the Great Moderation; A. Do bigger governments deliver greater macroeconomic stability?; B. Fiscal stabilization is not a free lunch; C. The Great Moderation: Why has output volatility declined?; Figures; 1. United States: Volatility of GDP and Consumption; 2. The Taylor Curve and the Inflation-Output Volatility Trade-off; IV. Government Size, Fiscal Stabilization and Volatility; A. The End of Big Government?; 3. Selected OECD Countries: Total Expenditure to GDP Ratio (1963-2006)
4. Selected OECD Countries: Social-Security vs. Non-Social-Security Expenditure5. Selected OECD Countries: Openness to Trade and Government Size (1963-2006); B. The Great Moderation: Beyond the United States; 6. Selected OECD Countries: The Great Moderation (1963-2006); 7. Selected OECD Countries: The Great Moderation in More Open Economies; 8. Selected OECD Countries: Volatility by Country Groupings; 9. The Changing Relationship between Volatility and Government Size; C. What Stabilizes Private Consumption?; 10. Selected OECD Countries: Government Size and Change in Output Volatility 11. United States: Variance Decomposition of Household Consumption 12. Selected Euro Area Countries Variance Decomposition of Household Consumption; V. A Fresh Look at the Link between Government Size and Volatility; A. Specification and Econometric Issues; B. Results; Tables; 1. Government Size and Volatility: Basic Results; 2. Government Size and the; 3. Government Size and Volatility: Interactions and Non-linearities (Pooled OLS, 1961- 2007); 13. Estimated Impact on Volatility of an Increase in Government Expenditure by percentage point of GDP 4. Output Volatility and Alternative Measures of Government Size (pooled OLS)VI. Conclusions; References; Appendix; Appendix Tables; A1. Government Size and Volatility: Basic Results with Output Gap Volatility; A2. Government Size and Volatility: Additional Controls; A3. Government and Volatility: Instrumental Variables (Pooled TSLS, period fixed effects, 1961-2007); A4. Government Size and the Great Moderation (Pooled OLS, 1961-2007); A5. Government and Volatility: Instrumental Variables (Pooled TSLS, period fixed effects, 1961-2007) A6. Government Size and Volatility: Interactions and Non-linearities (Pooled OLS, 1961- 2007) |
| Record Nr. | UNINA-9910970756903321 |
|
Pisani-Ferry Jean
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||