Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/22975
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | von Hagen, Jürgen | en |
dc.contributor.author | Kube, Sebastian | en |
dc.contributor.author | Kaiser, Johannes | en |
dc.contributor.author | Selten, Reinhard | en |
dc.contributor.author | Pope, Robin | en |
dc.date.accessioned | 2009-01-29T15:11:33Z | - |
dc.date.available | 2009-01-29T15:11:33Z | - |
dc.date.issued | 2006 | - |
dc.identifier.uri | http://hdl.handle.net/10419/22975 | - |
dc.description.abstract | Government expenditure can be highly variable, if used as a countercyclical instrument, or as a response to economic crises or as a means of rapidly altering other features of the economy. An alternative policy setting is to keep government expenditure changes gradual and modest. It is shown that whether a more discretionary or a more stable usage of government expenditures better attains official sector macroeconomic goals is difficult to determine theoretically, in part because of missed risk effects. But the detecting which policy better meets the official sector macroeconomic goals from analysis of historical data or inter-country comparisons suffers from confounding events and institutions. This study offers a fresh insight from laboratory experiments. Our laboratory results favour gradualism in government expenditures, ie support the advocacy of more stable government expenditures offered in Friedman (1969), in Vernengo and Rochon (2000), and in the 2006 German tax change controversy, by that country?s local government sector. | en |
dc.language.iso | eng | en |
dc.publisher | |aUniversity of Bonn, Bonn Graduate School of Economics (BGSE) |cBonn | en |
dc.relation.ispartofseries | |aBonn Econ Discussion Papers |x26/2006 | en |
dc.subject.jel | D80 | en |
dc.subject.jel | D90 | en |
dc.subject.jel | B20 | en |
dc.subject.jel | E60 | en |
dc.subject.jel | E62 | en |
dc.subject.jel | E69 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | gradualism | en |
dc.subject.keyword | shock therapy | en |
dc.subject.keyword | discretionary or counter-cyclical government expenditure | en |
dc.subject.keyword | laboratory experiments | en |
dc.title | The Benefits of Gradualism in Government Expenditure Changes: Theory and Experimental Evidence | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 525261931 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bonedp:262006 | - |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.