fiscal volatility, welfare costs, distributional effects, labor income risk, wealth, inequality, transition path
Prices, Business Fluctuations, and Cycles: General (jel E30), Business Fluctuations; Cycles (jel E32), Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook: General (jel E60), Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation (jel E62), Fiscal Policies and Behavior of Economic Agents: General (jel H30)
Center for Economic Policy Research (CEPR)

See also the Center for Economic Policy Research (CEPR)

Department of Economics

Bachmann, Rudiger, Bai, Jinhui H., Lee, M, & Zhang, Fudong. (2018). The Welfare and Distributional Effects of Fiscal Volatility: a Quantitative Evaluation. Center for Economic Policy Research (CEPR).