Fiscal adjustments in OECD countries: composition and macroeconomic effects
This ppaer studies how the composition of fiscal adjustments influences their likelihood of success, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage bill have...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
1996
|
| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: Working paper series
5730 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This ppaer studies how the composition of fiscal adjustments influences their likelihood of success, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage bill have a better chance of being successful and are expansionary. On the contrary fiscal adjustments which rely primarily on tax increases and cuts in public investment tend not to last and are contractionary. We discuss alternate explanations for these findings by studying both a full sample of OECD countries and by focusing on three case studies: Denmark, Ireland and Italy. |
| Beschreibung: | 46 S. graph. Darst. |
Internformat
MARC
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: Working paper series |v 5730 | |
| 520 | |a This ppaer studies how the composition of fiscal adjustments influences their likelihood of success, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage bill have a better chance of being successful and are expansionary. On the contrary fiscal adjustments which rely primarily on tax increases and cuts in public investment tend not to last and are contractionary. We discuss alternate explanations for these findings by studying both a full sample of OECD countries and by focusing on three case studies: Denmark, Ireland and Italy. | ||
| 650 | 4 | |a fiskalna politika - deficit - davki - javne investicije - makroekonomija - Danska - Irska - Italija - OECD - IMF - WP/96/70 | |
| 700 | 1 | |a Perotti, Roberto |d 1961- |e Verfasser |0 (DE-588)128379669 |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 830 | 0 | |a National Bureau of Economic Research <Cambridge, Mass.>: Working paper series |v 5730 |w (DE-604)BV002801238 |9 5730 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w5730.pdf |z kostenfrei |3 Volltext |
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Datensatz im Suchindex
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| author | Alesina, Alberto 1957-2020 Perotti, Roberto 1961- |
| author_GND | (DE-588)125845804 (DE-588)128379669 |
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| id | DE-604.BV011204789 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:05:45Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007515526 |
| oclc_num | 442641249 |
| open_access_boolean | 1 |
| owner | DE-19 DE-BY-UBM DE-521 |
| owner_facet | DE-19 DE-BY-UBM DE-521 |
| physical | 46 S. graph. Darst. |
| publishDate | 1996 |
| publishDateSearch | 1996 |
| publishDateSort | 1996 |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: Working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: Working paper series |
| spelling | Alesina, Alberto 1957-2020 Verfasser (DE-588)125845804 aut Fiscal adjustments in OECD countries composition and macroeconomic effects Alberto Alesina ; Roberto Perotti Cambridge, Mass. 1996 46 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: Working paper series 5730 This ppaer studies how the composition of fiscal adjustments influences their likelihood of success, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage bill have a better chance of being successful and are expansionary. On the contrary fiscal adjustments which rely primarily on tax increases and cuts in public investment tend not to last and are contractionary. We discuss alternate explanations for these findings by studying both a full sample of OECD countries and by focusing on three case studies: Denmark, Ireland and Italy. fiskalna politika - deficit - davki - javne investicije - makroekonomija - Danska - Irska - Italija - OECD - IMF - WP/96/70 Perotti, Roberto 1961- Verfasser (DE-588)128379669 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: Working paper series 5730 (DE-604)BV002801238 5730 http://papers.nber.org/papers/w5730.pdf kostenfrei Volltext |
| spellingShingle | Alesina, Alberto 1957-2020 Perotti, Roberto 1961- Fiscal adjustments in OECD countries composition and macroeconomic effects National Bureau of Economic Research <Cambridge, Mass.>: Working paper series fiskalna politika - deficit - davki - javne investicije - makroekonomija - Danska - Irska - Italija - OECD - IMF - WP/96/70 |
| title | Fiscal adjustments in OECD countries composition and macroeconomic effects |
| title_auth | Fiscal adjustments in OECD countries composition and macroeconomic effects |
| title_exact_search | Fiscal adjustments in OECD countries composition and macroeconomic effects |
| title_full | Fiscal adjustments in OECD countries composition and macroeconomic effects Alberto Alesina ; Roberto Perotti |
| title_fullStr | Fiscal adjustments in OECD countries composition and macroeconomic effects Alberto Alesina ; Roberto Perotti |
| title_full_unstemmed | Fiscal adjustments in OECD countries composition and macroeconomic effects Alberto Alesina ; Roberto Perotti |
| title_short | Fiscal adjustments in OECD countries |
| title_sort | fiscal adjustments in oecd countries composition and macroeconomic effects |
| title_sub | composition and macroeconomic effects |
| topic | fiskalna politika - deficit - davki - javne investicije - makroekonomija - Danska - Irska - Italija - OECD - IMF - WP/96/70 |
| topic_facet | fiskalna politika - deficit - davki - javne investicije - makroekonomija - Danska - Irska - Italija - OECD - IMF - WP/96/70 |
| url | http://papers.nber.org/papers/w5730.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT alesinaalberto fiscaladjustmentsinoecdcountriescompositionandmacroeconomiceffects AT perottiroberto fiscaladjustmentsinoecdcountriescompositionandmacroeconomiceffects |