Arreaza, Adriana; Sørensen, Bent E.; Yosha, Oved - 2021
countries. For EU countries, at the 1-year frequency percent of shocks to GDP are smoothed via government consumption, 18 … delegation' of power or where fiscal targets are negotiated effectively by coalition members consumption smoothing via government … consumption and government transfers is considerably higher. We interpret this finding as evidence that effective budgetary …