Fiscal policy and strongeconomic stabilitystrong does PIGS stand for.pdf

Institut de Recerca en Economia Aplicada Regional i Pública Document de Treball 2010/15 38 pàg Research Institute of Applied Economics Working Paper 2010/15 38 pag. “ Fiscal policy and economic stability: does PIGS stand for Procyclicality In Government Spending?” Alessandro Maravalle and Peter Claeys Institut de Recerca en Economia Aplicada Regional i Pública Document de Treball 2010/15 pàg. 2 Research Institute of Applied Economics Working Paper 2010/15 pag. 2 WEBSITE: /irea/ • CONTACT: irea@ The Research Institute of Applied Economics (IREA) in Barcelona was founded in 2005, as a research institute in applied economics. Three consolidated research groups make up the institute: AQR, RISK and GiM, and a large number of members are involved in the Institute. IREA focuses on four priority lines of investigation: (i) the quantitative study of regional and urban economic activity and analysis of regional and local economic policies, (ii) study of public economic activity in markets, particularly in the fields of empirical evaluation of privatization, the regulation and competition in the markets of public services using state of industrial economy, (iii) risk analysis in finance and insurance, and (iv) the development of micro and macro econometrics applied for the analysis of economic activity, particularly for quantitative evaluation of public policies. IREA Working Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. For that reason, IREA Working Papers may not be reproduced or distributed without the written consent of the author. A revised version may be available directly from the author. Any opinions express