Do Structural Policies Affect Macroeconomic Stability?:

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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Bibliographische Detailangaben
Beteilige Person: Ziemann, Volker (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Paris OECD Publishing 2013
Schriftenreihe:OECD Economics Department Working Papers
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Links:https://doi.org/10.1787/5k43krfllgxt-en
Zusammenfassung: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
Umfang:1 Online-Ressource (31 Seiten) 21 x 29.7cm
DOI:10.1787/5k43krfllgxt-en