Perotti, Roberto (contributor) - 2007
discretionary response, is absent.
As a consequence, the coefficients α
ty
and α
gy
in (2) and (3) capture only the automatic
response … upturns and decumulate them in
downturns. This leads to the analysis of fiscal rules and
stabilization funds, in the fourth … rules and stabilization
funds, in the fourth part.
The last part concludes with what I consider important research and …