Automatic Stabilizers and the Size of Government: Correcting a Common Misunderstanding

WP/10/155

Automatic Stabilizers and the Size of Government: Correcting a Common Misunderstanding
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... READ MORE...

Publication date: July 2010
ISBN 9781455201389
$18.00

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Publication date: July 2010

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Publication date: July 2010

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