Fiscal Policy in the United States: Automatic Stabilizers, Discretionary Fiscal Policy Actions, and the Economy

Mostrar todas las versiones(2)

We examine the effects of the economy on the government budget as well as the effects of the budget on the economy. First, we provide measures of the effects of automatic stabilizers on budget outcomes at the federal and state and local levels. For the federal government, the defi cit increases abou...

Descripción completa

Guardado en:
Detalles Bibliográficos
Autores principales: Follette, Glenn, Lutz, Byron
Formato: Artículo revista
Lenguaje:Inglés
Publicado: Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2010
Materias:
automatic stabilizers
discretionary actions
government budget
E6
H2
H3
H6
estabilizadores automáticos
presupuesto
políticas discrecionales
Acceso en línea:https://revistas.unc.edu.ar/index.php/REyE/article/view/3870
Aporte de:
Revistas de la UNC de Universidad Nacional de Córdoba
id I10-R10article-3870
record_format ojs
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-10
container_title_str Revistas de la UNC
language Inglés
format Artículo revista
topic automatic stabilizers
discretionary actions
government budget
E6
H2
H3
H6
estabilizadores automáticos
presupuesto
políticas discrecionales
E6
H2
H3
H6
spellingShingle automatic stabilizers
discretionary actions
government budget
E6
H2
H3
H6
estabilizadores automáticos
presupuesto
políticas discrecionales
E6
H2
H3
H6
Follette, Glenn
Lutz, Byron
Fiscal Policy in the United States: Automatic Stabilizers, Discretionary Fiscal Policy Actions, and the Economy
topic_facet automatic stabilizers
discretionary actions
government budget
E6
H2
H3
H6
estabilizadores automáticos
presupuesto
políticas discrecionales
E6
H2
H3
H6
author Follette, Glenn
Lutz, Byron
author_facet Follette, Glenn
Lutz, Byron
author_sort Follette, Glenn
title Fiscal Policy in the United States: Automatic Stabilizers, Discretionary Fiscal Policy Actions, and the Economy
title_short Fiscal Policy in the United States: Automatic Stabilizers, Discretionary Fiscal Policy Actions, and the Economy
title_full Fiscal Policy in the United States: Automatic Stabilizers, Discretionary Fiscal Policy Actions, and the Economy
title_fullStr Fiscal Policy in the United States: Automatic Stabilizers, Discretionary Fiscal Policy Actions, and the Economy
title_full_unstemmed Fiscal Policy in the United States: Automatic Stabilizers, Discretionary Fiscal Policy Actions, and the Economy
title_sort fiscal policy in the united states: automatic stabilizers, discretionary fiscal policy actions, and the economy
description We examine the effects of the economy on the government budget as well as the effects of the budget on the economy. First, we provide measures of the effects of automatic stabilizers on budget outcomes at the federal and state and local levels. For the federal government, the defi cit increases about 0.35 percent of GDP for each 1 percentage point deviation of actual GDP relative to potential GDP. For state and local governments, the defi cit increases by about 0.1 percent of GDP. We then examine the response of the economy to the automatic stabilizers using the FRB/US model by comparing the response to aggregate demand shocks under two scenarios: with the automatic stabilizers in place and without the automatic stabilizers. Second, we provide measures of discretionary fi scal policy actions at the federal and state and local levels. We fi nd that federal policy actions are somewhat counter-cyclical while state and local policy actions have been somewhat pro-cyclical. Finally, we evaluate the impact of the budget, from both automatic stabilizers and discretionary actions, on economic activity in 2008 and 2009.
publisher Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
publishDate 2010
url https://revistas.unc.edu.ar/index.php/REyE/article/view/3870
work_keys_str_mv AT folletteglenn fiscalpolicyintheunitedstatesautomaticstabilizersdiscretionaryfiscalpolicyactionsandtheeconomy
AT lutzbyron fiscalpolicyintheunitedstatesautomaticstabilizersdiscretionaryfiscalpolicyactionsandtheeconomy
AT folletteglenn lapoliticafiscalenestadosunidosestabilizadoresautomaticosaccionesdepoliticafiscaldiscrecionalylaeconomia
AT lutzbyron lapoliticafiscalenestadosunidosestabilizadoresautomaticosaccionesdepoliticafiscaldiscrecionalylaeconomia
bdutipo_str Revistas
_version_ 1764819783882113027

Ejemplares similares