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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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