Karras, Georgios; Yang, Michael C.-Y. - In: Journal of government and economics : JGE 6 (2022), pp. 1-16
Using data from 29 European countries over 2002Q1-2019Q4, we estimate automatic stabilizers using various techniques, and show that the use of simple measures of government size as proxies is based on assumptions that are unrealistic and potentially misleading. Relaxing these assumptions allows...