Lamo, Ana (contributor); Pérez, Javier J. (contributor); … - 2007
This study examines the business cycle behaviour of public consumption and its main components; the public wage bill … consumption, wages and employment co-move with the business cycle in a pro-cyclical manner with 1-2 year lags, notably for the … von Hagen, and
participants in the 2006 Workshop on International Economics (Valencia, Spain) for their comments.
2 DG …