文章基本信息

标题：Do Structural Policies Affect Macroeconomic Stability?
本地全文：下载
作者：Volker Ziemann
期刊名称：Economics Department Working Papers / OECD
印刷版ISSN：0259-4633
出版年度：2013
卷号：2013
DOI：10.1787/5k43krfllgxt-en
出版社：Organisation for Economic Co-operation and Development (OECD)
摘要：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.
关键词：structural policies; macroeconomic stability; business cycles