Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic
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https://www.nber.org/papers/w11580
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资源简介：
Using a panel of 21 OECD countries and 40 years of annual data, we find that countries with similar government budget positions tend to have business cycles that fluctuate more closely. That is, fiscal convergence (in the form of persistently similar ratios of government surplus/deficit to GDP) is
提供机构：
美国国家经济研究局
创建时间：
2005-08-01
