Fiscal Convergence, Business Cycle Volatility and Growth
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/fiscal-convergence-business-cycle-volatility-and-growth_226475824848.html
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This paper analyzes the effects of fiscal convergence on business cycle volatility and growth. Using a panel
21 OECD countries (including 11 EMU countries) and 40 years of data, we find that countries with similar
government budget positions tend to have smoother business cycles. That is, fiscal convergence (in the
form of persistently similar...
