Testing for the stability of automatic stabilizers
作者:
Noel D. Uri,
期刊:
Applied Stochastic Models and Data Analysis
(WILEY Available online 1989)
卷期:
Volume 5,
issue 1
页码: 13-24
ISSN:8755-0024
年代: 1989
DOI:10.1002/asm.3150050103
出版商: John Wiley&Sons, Ltd.
关键词: Automatic stabilizers;Cusum of squares test;Transfer payments
数据来源: WILEY
摘要:
AbstractThis paper examines the question of the stability of automatic stabilizers in the United States. Using a test suggested by Brown, Durbin and Evans, the analysis suggests that the magnitude of automatic stabilization of economic activity afforded by personal tax receipts has remained virtually invariant over the period 1939–1985. The automatic stabilization effectiveness of transfer payments, however, has increased, especially since 1964. This is attributed to the implementaton of various Great Society Programs beginning in 196
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