Floden, Martin - Economics Institute for Research (SIR), … - 2009
In this note, I examine how the responsiveness of the Swedish public budget to business-cycle conditions has developed … changes in the business
cycle. When business-cycle conditions improve, the income of �rms and households tends
to rise and …
responses in recessions, and therefore help stabilizing the business cycle.
Based on the Swedish tax code for 2003, Girouard and …