Simple, implementable fiscal policy rules /
This paper analyzes the scope for systematic rules-based fiscal activism in open economies. Relative to a balanced budget rule, automatic stabilizers significantly improve welfare. But they minimize fiscal instrument volatility rather than business cycle volatility. A more aggressively countercyclic...
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| Main Authors: | , |
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| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, DC] :
International Monetary Fund (IMF),
©2009.
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| Series: | IMF working paper ;
WP/09/76. |
| Subjects: | |
| Online Access: |
Full text (Emmanuel users only) |