Silgoner, Maria Antoinette; Crespo-Cuaresma, Jesús; … - International Monetary Fund (IMF) - 2003
We study the smoothing impact of fiscal stabilizers (proxied by government expenditures or revenues) on business cycle volatility for a panel of EU countries in the period 1970-99. The results show that the business cycle volatility smoothing effect of fiscal stabilizers may revert at high...
