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Titlebook: Business Cycles and Macroeconomic Stability; Should We Rebuild Bu Jean-Oliver Hairault,Pierre-Yves Hénin,Franck Port Book 1997 Springer Sci

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發(fā)表于 2025-3-21 17:34:02 | 只看該作者 |倒序瀏覽 |閱讀模式
期刊全稱Business Cycles and Macroeconomic Stability
期刊簡稱Should We Rebuild Bu
影響因子2023Jean-Oliver Hairault,Pierre-Yves Hénin,Franck Port
視頻videohttp://file.papertrans.cn/193/192079/192079.mp4
圖書封面Titlebook: Business Cycles and Macroeconomic Stability; Should We Rebuild Bu Jean-Oliver Hairault,Pierre-Yves Hénin,Franck Port Book 1997 Springer Sci
影響因子Setting the issue "Most economists consider the marked increase in automatic stabilizers a highly favorable development with respect to maintenance of economic stability". Besides the rare privilege of having being signed by both Milton Friedman and Paul Samuelson (Depres,Friedman, Hart, Samuelson, and Wallace [1950]), among others, this sentence expressed as soon as 1950 the consensus view on the stabilizing effect of fiscal rules governing tax revenue and public expendi- tures and transfers. This positive ex ante assessment will have been confirmed ex post as part of the explanation for post war stabilization (Burns [1960], de Long and Summers [1986], Moore and Zarnovitz [1986]). However, it becomes disputed in both its positive and normative aspects. Many institutional changes since the eighties point at curbing back the transfer mechanisms underlying automatic stabilizers, and legal restraints on deficits such as the US balanced budget amendment or the European Maastricht criteria would involve serious risks for the future of stabilizers. Under such rules "the government would become, almost inevitally, a destabilizer rather than a stabilizer" said Joseph Stiglitz, quoted by th
Pindex Book 1997
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Measuring Police Subcultural Perceptionsemployed. This individual probability is assumed to be smaller if the worker was unemployed the period before. We can compute the consequences on all the welfare distribution moments of the alternative financing scenarii.
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Welfare, Stabilization or Growth: a Comparison of Different Fiscal Objectives) stabilization requires some flexibility regarding the government’s budget constraint; and, (4) stabilization requires the government to respond in a precise and immediate way to exogenous shocks which hit the economy.
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Financing Unemployment Benefits in the Business Cycle: Stabilization, Welfare and Equity Issuesemployed. This individual probability is assumed to be smaller if the worker was unemployed the period before. We can compute the consequences on all the welfare distribution moments of the alternative financing scenarii.
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Macroeconomic Effects of Fiscal Restructuring in Europeng behaviour of households, and assume that some households are liquidity constrained and base their consumption decision on current disposable income. As a result, households are less able to smooth their consumption over time. We find somewhat counter intuitively that fiscal contractions can be mo
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Book 1997restraints on deficits such as the US balanced budget amendment or the European Maastricht criteria would involve serious risks for the future of stabilizers. Under such rules "the government would become, almost inevitally, a destabilizer rather than a stabilizer" said Joseph Stiglitz, quoted by th
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Jean-Oliver Hairault,Pierre-Yves Hénin,Franck Port
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