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Titlebook: Business Cycles and Macroeconomic Stability; Should We Rebuild Bu Jean-Oliver Hairault,Pierre-Yves Hénin,Franck Port Book 1997 Springer Sci

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The Efficiency of National and Regional Stabilization Policiesparticular province is partially balanced by surpluses elsewhere, federal fiscal policy should stabilize provincial consumption more effectively than similar policies carried out by provincial governments. Panel regressions suggest that the federal stabilizing role is more than twice that of provincial governments in Canada.
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Optimal Public Spending in a Business Cycle ModelWe build a model of optimal time-consistent public spending in a dynamic general equilibrium model of the business cycle. We analyze the welfare properties of optimal public spending and characterize the optimal response of spending to exogenous economic shocks.
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Clinical Probes for ROS and Oxidative Stressfare cost of fluctuations between high and low frequencies components. The results indicate that not taking into account this later component leads to an under-estimation of the transfer rate needed to compensate fluctuations..We show first that tax smoothing is better for individual in terms of wel
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