Arreaza, Adriana; Sørensen, Bent E.; Yosha, Oved - 2021
We measure the amount of smoothing achieved through various components of the government deficit in EU and OECD … countries. For EU countries, at the 1-year frequency percent of shocks to GDP are smoothed via government consumption, 18 …. Government transfers provide more smoothing of negative than of positive shocks among EU countries. There seems to be no trade …