Government Size and Output Volatility : Should We Forsake Automatic Stabilization? /

The paper takes stock of the debate on the positive link between output volatility and the size of government-which reflects automatic stabilizers. After a survey of the literature, we show that the contribution of automatic stabilizers to output stability may have disappeared since the 1990s. Howev...

Descrizione completa

Dettagli Bibliografici
Autore principale: Pisani-Ferry, Jean
Altri autori: Debrun, Xavier, Sapir, Andre
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2008.
Serie:IMF Working Papers; Working Paper ; No. 2008/122
Accesso online:Full text available on IMF