The cyclical behaviour of fiscal policy: evidence from the OECD

被引：296

作者：

Lane, PR ^{[1
]}

机构：

[1] Univ Dublin Trinity Coll, Inst Int Integrat Studies, Dublin 2, Ireland

[2] CEPR, Dublin 2, Ireland

来源：

JOURNAL OF PUBLIC ECONOMICS | 2003年 / 87卷 / 12期

关键词：

fiscal policy; volatility; voracity;

D O I：

10.1016/S0047-2727(02)00075-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper addresses the topic of cyclicality in fiscal policy. In particular, we show that the level of cyclicality varies across spending categories and across OECD countries. In line with leading theories of fiscal cyclicality, we show that countries with volatile output and dispersed political power are the most likely to run procyclical fiscal policies. Wage government consumption is highlighted as the most important channel by which these variables affect fiscal cyclicality. (C) 2002 Elsevier B.V. All rights reserved.

引用

页码：2661 / 2675

页数：15

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