01635cas a2200265 a 4500 AALejournalIMF003726 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451954708 1018-5941 BD-DhAAL BD-DhAAL Eichengreen, Barry. Restraining Yourself : Fiscal Rules and Stabilization / Barry Eichengreen, Tamim Bayoumi. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students State budgets in the United States played a significant macroeconomic role in the 1970s and 1980s, and the level of cyclical responsiveness was affected by the severity of statutory and constitutional fiscal restraints. Moving from no fiscal restraints to the most stringent restraints lowered the fiscal offset to income fluctuations by around 40 percent. Simulations indicate that a reduction in aggregate fiscal stabilizers of this size could lead to a significant increase in the variance of aggregate output. Mode of access: Internet United States imf Bayoumi, Tamim. IMF Working Papers; Working Paper ; No. 1994/082 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/082/001.1994.issue-082-en.xml IMF e-Library