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Business cycles and fiscal policy: Norway 1973-93

dc.contributor.authorBowitz, Einar
dc.contributor.authorHove, Stein Inge
dc.coverage.spatialNorwaynb_NO
dc.date.accessioned2019-11-14T08:40:57Z
dc.date.available2019-11-14T08:40:57Z
dc.date.issued1996-08
dc.identifier.issn0809-733X
dc.identifier.urihttp://hdl.handle.net/11250/2628432
dc.description.abstractEffects 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.nb_NO
dc.language.isoengnb_NO
dc.publisherStatistisk sentralbyrånb_NO
dc.relation.ispartofseriesDiscussion papers;178
dc.subjectJEL classification: C53nb_NO
dc.subjectJEL classification: E32nb_NO
dc.subjectJEL classification: E37nb_NO
dc.subjectJEL classification: E63nb_NO
dc.subjectJEL classification: E65nb_NO
dc.titleBusiness cycles and fiscal policy: Norway 1973-93nb_NO
dc.typeWorking papernb_NO
dc.description.versionpublishedVersionnb_NO
dc.subject.nsiVDP::Matematikk og Naturvitenskap: 400::Matematikk: 410::Statistikk: 412nb_NO
dc.source.pagenumber41nb_NO


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