The Resource Automatic stabilizers and the size of government : correcting a common misunderstanding, prepared by Carlo Cottarelli and Annalisa Fedelino

Automatic stabilizers and the size of government : correcting a common misunderstanding, prepared by Carlo Cottarelli and Annalisa Fedelino

Label
Automatic stabilizers and the size of government : correcting a common misunderstanding
Title
Automatic stabilizers and the size of government
Title remainder
correcting a common misunderstanding
Statement of responsibility
prepared by Carlo Cottarelli and Annalisa Fedelino
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
The size of government is a commonly used variable in many analytical studies on the effects of fiscal policy. An accepted practice is to measure it as the ratio of government spending to GDP. However, this is not the correct metric when computing the stabilization effects of nondiscretionary fiscal policy. Intuitively, public spending does not react to cyclical conditions as much as taxes do - as reflected in the standard zero-one elasticity assumptions for spending and revenue, respectively. This paper shows that the revenue to GDP ratio is the appropriate indicator of government size for the purpose of assessing the stabilization effects of nondiscretionary fiscal policy
Member of
Cataloging source
E7B
Index
no index present
LC call number
HB3732
LC item number
.C68 2010eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/10/155
Label
Automatic stabilizers and the size of government : correcting a common misunderstanding, prepared by Carlo Cottarelli and Annalisa Fedelino
Publication
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Why is the Literature Focusing (Mostly) on the Spending Ratio?; III. Something is Counterintuitive; 1. Income Shocks and Fiscal Balances (No Spending, as a Share of GDP); 2. Income Shocks and Fiscal Balances (Nonzero Spending, as a Share of GDP); 3. Income Shocks and Fiscal Balances (No Spending, as a Share of Potential GDP); 4. Income Shocks and Fiscal Balances (Nonzero Spending, as a Share of Potential GDP); IV. A More Formal Treatment; V. Does it Matter in Practice?; 5. Measurement Error for Top 50 Economies, 2000-10
Control code
ocn694141483
Dimensions
unknown
Extent
1 online resource (14 pages)
Form of item
online
Isbn
9781455200597
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37133147
Specific material designation
remote
System control number
  • (OCoLC)694141483
  • imf1282846272

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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