Stylized Facts of Government Finance in the G-7 /
The stylized facts of government finance in the Group of Seven (G-7) industrial countries show that revenues lag real GDP procyclically, while government spending in most cases fails to lead the economy procyclically. This finding is not confined to transfers but also applies to the wage component o...
| Main Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1997.
|
| Series: | IMF Working Papers; Working Paper ;
No. 1997/142 |
| Online Access: | Full text available on IMF |