How Important are Automatic Stabilizers in Europe? A Stochastic Simulation Assessment.

In this paper we formalize budgetary stabilizers as a set of simple policy rules, and assess their operation in an uncertain environment by performing stochastic simulations in a forward-looking multi-country macroeconomic model, NiGEM, comprising individual blocks for 10 Euroland economies.

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Year of publication:	2000
Authors:	Barrell, R. ; Pina, A.M.
Institutions:	Department of Economics, European University Institute
Subject:	FISCAL POLICY \| STOCHASTIC MODELS \| SIMULATION

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Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	41 pages
Classification:	E37 - Forecasting and Simulation ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization ; H61 - Budget; Budget Systems
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005816454