Do Structural Policies Affect Macroeconomic Stability? [E-Book] / Volker Ziemann
Using a panel of OECD countries, this study assesses the linkages between structural policies and macroeconomic stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for economic instability and for the persistence of adverse shoc...
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Full text |
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Personal Name(s): | Ziemann, Volker. |
Imprint: |
Paris :
OECD Publishing,
2013
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Physical Description: |
32 p. ; 21 x 29.7cm. |
Note: |
englisch |
DOI: |
10.1787/5k43krfllgxt-en |
Series Title: |
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OECD Economics Department Working Papers ;
1075 |
Keywords: |
Economics |
Using a panel of OECD countries, this study assesses the linkages between structural policies and macroeconomic stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for economic instability and for the persistence of adverse shocks. The results suggest that some growth-enhancing policies such as lowering employment protection also reduce macroeconomic fluctuations, while others may generate trade-offs between growth and stability. A pro-cyclical tax structure seems to help alleviating the persistence of adverse macroeconomic shocks. |