Arbeitspapier
Business cycles and fiscal policy: Norway 1973-93
Effects of fiscal policy on macroeconomic variables during 1973-93 are analysed using a disaggregated macroeconometric model of the Norwegian economy. Fiscal policy is measured as deviations from estimated trends for disaggregated policy variables. The policy effects are related to the cyclical situation of the economy. Variations in fiscal policy instruments have reduced output volatility during 1973-93 by approximately 10 per cent, according to our results. On average the behaviour of local government has been procyclical. Partial effects of various fiscal instruments are calculated. During certain episodes fiscal policy appeared procyclical, an effect that is due to the aim of stabilizing the current account.
- Language
-
Englisch
- Bibliographic citation
-
Series: Discussion Papers ; No. 178
- Classification
-
Wirtschaft
Forecasting Models; Simulation Methods
Business Fluctuations; Cycles
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
Studies of Particular Policy Episodes
- Subject
-
Business cycles
Fiscal policy
Macroeconometric modelling.
- Event
-
Geistige Schöpfung
- (who)
-
Bowitz, Einar
Hove, Stein Inge
- Event
-
Veröffentlichung
- (who)
-
Statistics Norway, Research Department
- (where)
-
Oslo
- (when)
-
1996
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Bowitz, Einar
- Hove, Stein Inge
- Statistics Norway, Research Department
Time of origin
- 1996
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