Research Catalog

Title

The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond [electronic resource] / Paul van den Noord

Author

van den Noord, Paul.

Publication

Paris : OECD Publishing, 2000.

Details

Description

32 p.; 21 x 29.7cm.

Summary

This paper assesses to what extent some components of government budgets affected by the macroeconomic situation operate to smooth the business cycle in individual OECD countries. It is shown that these automatic fiscal stabilisers have generally reduced cyclical volatility in the 1990s. However, in some countries the need to undertake fiscal consolidation in order to improve public finances has forced governments to take discretionary actions that have reduced, or even offset, the effect of automatic fiscal stabilisers. This paper also shows that, by preventing sharp economic fluctuations, fiscal stabilisers may raise long-term economic performance and avoid frequent changes in spending or tax rates. However, they should be employed symmetrically over the cycle in order to avoid costly debt accumulation ...

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.230

Uniform Title

OECD Economics Department Working Papers, no.230.

Subject

Economics

LCCN

10.1787/816628410134

OCLC

oecd-lib

Author

van den Noord, Paul.

Title

The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond [electronic resource] / Paul van den Noord

Imprint

Paris : OECD Publishing, 2000.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.230

OECD Economics Department Working Papers, 1815-1973 ; no.230.

Connect to:

Full text online available onsite at NYPL

Indexed Term

Economics

Other Standard Identifier

10.1787/816628410134 doi