UvA-DARE ( Digital Academic Repository ) Fiscal adjustment to cyclical developments in the OECD : An empirical analysis based on real-time data

@inproceedings{Beetsma2008UvADARED,
  title={UvA-DARE ( Digital Academic Repository ) Fiscal adjustment to cyclical developments in the OECD : An empirical analysis based on real-time data},
  author={Beetsma and M. Klaassen Giuliodori and Peter C. Link},
  year={2008}
}
Fiscal Adjustment to Cyclical Developments in the OECD: An Empirical Analysis Based on Real-Time Data We explore how fiscal policies in the OECD have responded to unexpected information about the economy during the period 1995-2006. In particular, we first estimate standard fiscal rules using ex-ante data (i.e. forecasts). We then estimate how fiscal policy reacts to new information, especially on the business cycle. In this second step, we use various approaches in dealing with potential… CONTINUE READING

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