The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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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...
