Procyclical

Why is fiscal policy often pro cyclical?

When they observe a boom, voters optimally demand more public goods or fewer taxes, and this induces a procyclical bias in fiscal policy. The empirical evidence is consistent with this explanation: procycli-calityoffiscal policy is more pronounced in more corrupt democracies. 1 Introduction Most ...

www.economics.harvard.edu

When It Rains, It Pours: Procyclical Capital Flows and ...

When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies Graciela L. Kaminsky, Carmen M. Reinhart, and Carlos A. Vegh George Washington University and NBER; University of Maryland, College Park and NBER; and UCLA and NBER 1.

www.nber.org

I n t e r p r e t ing Procyclical Prod u c t ivity: Evid e ...

J. Br a dford De Long and Robert J. Wa l d m a n n De Long is at U.C. Berkeley, the National Bureau of Economic Research, and the Federal Res e r ve Bank of San Franc i s c o ; Waldmann is at the European University Institute.

www.frbsf.org

Procyclical Fiscal Policy: Shocks, Rules, and Institutions ...

Procyclical Fiscal Policy: Shocks, Rules, and Institutions—A View From MARS, by Paolo Manasse; IMF Working Paper 06/27; January 1, 2006

www.imf.org

The Procyclical E⁄ects of Bank Capital Regulation by Rafael ...

The Procyclical E⁄ects of Bank Capital Regulation by Rafael Repullo & Javier Suarez Discussion by Henri PagŁs Banque de France, Research Department

www.cepr.org

Why Is Productivity Procyclical? Why Do We Care?

This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: New Developments in Productivity Analysis

www.nber.org

Are credit ratings procyclical? - BIS Working papers No 129 ...

BIS Working Papers are written by members of the Monetary and Economic Department of the Bank for International Settlements, and from time to time by other economists, and are published by the Bank.

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Is Fiscal Policy Procyclical in Developing Oil-Producing ...

© 2011 International Monetary Fund WP/11/171 IMF Working Paper Research Department Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?

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WHY IS FISCAL POLICY OFTEN PROCYCLICAL?

WHY IS FISCAL POLICY OFTEN PROCYCLICAL? Alberto Alesina Harvard University FilipeR. Campante JohnF. Kennedy School of Government, Harvard University Guido Tabellini IGIERBocconi Abstract Fiscal policy isprocyclicalin many developing countries.

www.economics.harvard.edu

Labor supply shocks:

RATIONALIZE: Labor supply shocks: increases in union power (or in unemployment benefits) lead to (a) reductions in employment and output and (b) substitution of capital for labour—thus increasing labor productivity and creating not procyclical but countercyclical productivity.

econ161.berkeley.edu

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