Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212013 
Autor:innen: 
Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
Bank of Finland Research Discussion Papers No. 15/2005
Verlag: 
Bank of Finland, Helsinki
Zusammenfassung: 
This paper deals with the fiscal behaviour of governments in the 1920s and 1930s.The intention is to see whether there were the same features in government behaviour as in the post-World War II era.In particular, attention is paid to asymmetric fiscal policies, ie the question of whether government deficits react differently to income growth and inflation during depressions and booms.The analysis is carried out using data primarily from the League of Nations.The data come from 32 countries and covers the period 1925-1938.Estimation results suggest the in pre-war period deficits were much less sensitive to output and did not show as many asymmetric features as in post-war period.Otherwise, the same regularities apply to the empirical results.In particular, this is true with the disciplinary role of government debt in terms of budget deficits.
Schlagwörter: 
fiscal policy
deficit
asymmetric behaviour
JEL: 
E62
H62
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
952-462-220-3
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.