Consumption Smoothing through Fiscal Policy in OECD and EU Countries

Adriana Arreaza, Bent E. Sgrensen, and Oved Yosha, Fiscal Institutions and Fiscal Performance (University of Chicago Press, 1999), chap. 3, https://www.nber.org/books-and-chapters/fiscal-institutions-and-fiscal-performance/consumption-smoothing-through-fiscal-policy-oecd-and-eu-countries.