This paper investigates the determinants of fiscal policy behavior and its time-varying volatility, using panel data for a broad set of advanced and emerging market economies during the period ...

Fiscal policy is the use of government spending and taxation to influence the economy. ... In addition, although discretionary measures can be tailored to stabilization needs, automatic stabilizers ...

In the 2007-9 US recession, automatic stabilisers added about 2.0 per cent to real gross domestic product at the low point for the economy, slightly more than the impact of the discretionary ...

In contrast, in the current recession both automatic and discretionary fiscal policy changes have worked to reduce the surplus. Notice, however, that the automatic stabilizers began to work in 1999, ...

In 1997, Alan Blinder, a prominent US economist and former deputy chairman of the Federal Reserve, suggested that discretionary fiscal policy could be better managed by an independent committee of ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Fiscal policy refers to the use of the government budget to affect the ...

Fiscal policy has been strongly countercyclical over the past four decades, with the degree of cyclicality somewhat stronger in the past 20 years than the previous 20. Automatic stabilizers, mostly ...

Over 50 years, we weathered six recessions with minimal help from discretionary fiscal policy, during which time the primary (non-interest) deficit and public debt averaged just 0.1 percent and 35 ...