The cyclical behaviour of fiscal policy: Evidence from the OECD

Journal of Public Economics

Volumn 87, Issue 12, 2003, Pages 2661-2675

  Lane, Philip R ^a  

^a CEPR   (United Kingdom)

Author keywords

Fiscal policy; Volatility; Voracity

Indexed keywords

EID: 0041717719     PISSN: 00472727     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0047-2727(02)00075-0     Document Type: Article

References (29)

1. Agenor P. McDermott J. Prasad E. Macroeconomic fluctuations in developing countries: some stylized facts 1999 International Monetary Fund WP/99/35
2. Alesina A. Perotti R. Fiscal expansions and adjustments in OECD economies Economic Policy 21 1995 207-248
3. Arreaza A. Sorensen B.E. Yosha O. Consumption smoothing through fiscal policy in OECD and EU countries. In: Poterba J.M. von Hagen J. (Eds.), Fiscal Institutions and Fiscal Performance 1999 59-80 University of Chicago Press Chicago, IL
4. Barro R.J. On the determination of the public debt Journal of Political Economy 87 1979 940-971
5. Barro R.J. Sala-i-Martin X. Economic Growth 1995 McGraw-Hill New York
6. Bayoumi T. Eichengreen B. Restraining yourself: fiscal rules and stabilization International Monetary Fund Staff Papers 42 1995 32-48
7. Blanchard O. Fischer S. Lectures on Macroeconomics 1989 MIT Press Cambridge, MA
8. Fatas A. Mihov I. Government size and automatic stabilizers: international and intranational evidence Journal of International Economics 55 2001 3-28
9. Forbes K. Rigobon R. No contagion, only interdependence: measuring stock market co-movements 1998 NBER Working paper #7267
10. Gali J. Government size and macroeconomic stability European Economic Review 38 1994 117-132
11. Gavin M. Hausmann R. Perotti R. Talvi E. Managing fiscal policy in Latin America and the Caribbean: volatility, procyclicality and limited creditworthiness 1996 Inter-American Development Bank Mimeo
12. Gavin M. Perotti R. Fiscal policy in Latin America NBER Macroeconomics Annual 12 1997 11-70
13. Henisz W. The institutional environment for economic growth Economics and Politics 12 2000 1-31
14. Hercowitz Z. Strawczynski M. Cyclical bias in government spending: evidence from the OECD 1999 Tel Aviv University Mimeo
15. Kraay A. Ventura J. Comparative advantage and the cross-section of business cycles 1999 MIT Mimeo
16. Lane P.R. On the cyclicality of Irish fiscal policy Economic and Social Review 29 1998 1-17
17. Lane P.R. Tornell A. Power, growth and the voracity effect Journal of Economic Growth 1 1996 213-241
18. Lane P.R. Tornell A. Why aren't Latin American savings rates procyclical? Journal of Development Economics 57 1998 185-200
19. Lucas R.E. Stokey N.L. Optimal fiscal and monetary policy in an economy without capital Journal of Monetary Economics 12 1983 55-94
20. Missale A. Public Debt Management 1999 Oxford University Press Oxford, UK
21. Rodrik D. Why do more open economies have bigger governments? Journal of Political Economy 106 5 1998 997-1032
22. Sorensen B.E. Wu L. Yosha O. Output fluctuations and fiscal policy: US state and local governments 1978-1994 European Economic Review 45 2001 1271-1310
23. Stein E. Talvi E. Gristani A. Institutional arrangements and fiscal performance: the Latin American experience. In: Poterba J.M. von Hagen J. (Eds.), Fiscal Institutions and Fiscal Performance 1999 103-134 University of Chicago Press Chicago, IL
24. Svensson J. Collusion among interest groups: foreign aid and rent dissipation 1996 The World Bank Mimeo
25. Talvi E. Vegh C. Tax base variability and procyclical fiscal policy 2000 NBER Working paper #7499
26. Taylor J.B. Woodford M. (Eds.), Handbook of Macroeconomics 1999 North-Holland Amsterdam
27. Tornell A. Lane P.R. Are windfalls a curse? A non-representative agent model of the current account Journal of International Economics 44 1998 83-112
28. Tornell A. Lane P.R. The voracity effect American Economic Review 89 1999 22-46
29. Wallerstein M. Western B. Unions in decline? What has changed and why Annual Review of Political Science 3 2000 355-377