Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes:
This paper provides an analysis of large and sustained fiscal consolidation episodes in OECD countries implemented between 1980 and 2000. It reviews how fiscal policy variables evolved during these episodes, how consolidation was influenced by the wider economic environment, and how the political ec...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2012
|
| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper provides an analysis of large and sustained fiscal consolidation episodes in OECD countries implemented between 1980 and 2000. It reviews how fiscal policy variables evolved during these episodes, how consolidation was influenced by the wider economic environment, and how the political economy side helped trigger and sustain consolidation efforts. Results suggest that successful consolidation - as measured by deficit reduction and debt stabilisation or decline - was driven by spending cuts and to a lesser extent by revenue increases. Most episodes started on a basis of improving competitiveness following currency depreciation and, in turn, favourable growth prospects, closing output gaps and - with some lag - falling unemployment. Interest rates started to decline two years after consolidation had started, suggesting that it took some time to earn credibility. With regard to political economy, most consolidation episodes were implemented shortly after an election. More than half of the governments that had started consolidation were re-elected, and some even strengthened consolidation efforts after then. In some cases, an incoming government of a different political colour pursued consolidation |
| Beschreibung: | 1 Online-Ressource (39 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5k9fdf5xptlq-en |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV047936101 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220413s2012 xx o|||| 00||| eng d | ||
| 024 | 7 | |a 10.1787/5k9fdf5xptlq-en |2 doi | |
| 035 | |a (ZDB-13-SOC)06125780X | ||
| 035 | |a (OCoLC)1312701682 | ||
| 035 | |a (DE-599)BVBBV047936101 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-91 |a DE-473 |a DE-824 |a DE-29 |a DE-739 |a DE-355 |a DE-20 |a DE-1028 |a DE-1049 |a DE-188 |a DE-521 |a DE-861 |a DE-898 |a DE-92 |a DE-573 |a DE-19 | ||
| 100 | 1 | |a Blöchliger, Hansjörg |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes |c Hansjörg Blöchliger, Dae-Ho Song and Douglas Sutherland = Consolidation budgétaire : Partie 4. Études de cas de redressements budgétaires passés de grande envergure / Hansjörg Blöchliger, Dae-Ho Song et Douglas Sutherland |
| 246 | 1 | 3 | |a Consolidation budgétaire : Partie 4. Études de cas de redressements budgétaires passés de grande envergure |
| 264 | 1 | |a Paris |b OECD Publishing |c 2012 | |
| 300 | |a 1 Online-Ressource (39 Seiten) |c 21 x 29.7cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers | |
| 520 | |a This paper provides an analysis of large and sustained fiscal consolidation episodes in OECD countries implemented between 1980 and 2000. It reviews how fiscal policy variables evolved during these episodes, how consolidation was influenced by the wider economic environment, and how the political economy side helped trigger and sustain consolidation efforts. Results suggest that successful consolidation - as measured by deficit reduction and debt stabilisation or decline - was driven by spending cuts and to a lesser extent by revenue increases. Most episodes started on a basis of improving competitiveness following currency depreciation and, in turn, favourable growth prospects, closing output gaps and - with some lag - falling unemployment. Interest rates started to decline two years after consolidation had started, suggesting that it took some time to earn credibility. With regard to political economy, most consolidation episodes were implemented shortly after an election. More than half of the governments that had started consolidation were re-elected, and some even strengthened consolidation efforts after then. In some cases, an incoming government of a different political colour pursued consolidation | ||
| 650 | 4 | |a Economics | |
| 700 | 1 | |a Song, Dae-Ho |4 ctb | |
| 700 | 1 | |a Sutherland, Douglas |4 ctb | |
| 856 | 4 | 0 | |u https://doi.org/10.1787/5k9fdf5xptlq-en |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033317594 | |
Datensatz im Suchindex
| _version_ | 1818806084287070208 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Blöchliger, Hansjörg |
| author2 | Song, Dae-Ho Sutherland, Douglas |
| author2_role | ctb ctb |
| author2_variant | d h s dhs d s ds |
| author_facet | Blöchliger, Hansjörg Song, Dae-Ho Sutherland, Douglas |
| author_role | aut |
| author_sort | Blöchliger, Hansjörg |
| author_variant | h b hb |
| building | Verbundindex |
| bvnumber | BV047936101 |
| collection | ZDB-13-SOC |
| ctrlnum | (ZDB-13-SOC)06125780X (OCoLC)1312701682 (DE-599)BVBBV047936101 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/5k9fdf5xptlq-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000zc 4500</leader><controlfield tag="001">BV047936101</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220413s2012 xx o|||| 00||| eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/5k9fdf5xptlq-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-13-SOC)06125780X</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1312701682</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV047936101</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-1028</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-861</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Blöchliger, Hansjörg</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes</subfield><subfield code="c">Hansjörg Blöchliger, Dae-Ho Song and Douglas Sutherland = Consolidation budgétaire : Partie 4. Études de cas de redressements budgétaires passés de grande envergure / Hansjörg Blöchliger, Dae-Ho Song et Douglas Sutherland</subfield></datafield><datafield tag="246" ind1="1" ind2="3"><subfield code="a">Consolidation budgétaire : Partie 4. Études de cas de redressements budgétaires passés de grande envergure</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2012</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (39 Seiten)</subfield><subfield code="c">21 x 29.7cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Economics Department Working Papers</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This paper provides an analysis of large and sustained fiscal consolidation episodes in OECD countries implemented between 1980 and 2000. It reviews how fiscal policy variables evolved during these episodes, how consolidation was influenced by the wider economic environment, and how the political economy side helped trigger and sustain consolidation efforts. Results suggest that successful consolidation - as measured by deficit reduction and debt stabilisation or decline - was driven by spending cuts and to a lesser extent by revenue increases. Most episodes started on a basis of improving competitiveness following currency depreciation and, in turn, favourable growth prospects, closing output gaps and - with some lag - falling unemployment. Interest rates started to decline two years after consolidation had started, suggesting that it took some time to earn credibility. With regard to political economy, most consolidation episodes were implemented shortly after an election. More than half of the governments that had started consolidation were re-elected, and some even strengthened consolidation efforts after then. In some cases, an incoming government of a different political colour pursued consolidation</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Song, Dae-Ho</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Sutherland, Douglas</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1787/5k9fdf5xptlq-en</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033317594</subfield></datafield></record></collection> |
| id | DE-604.BV047936101 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:35:05Z |
| indexdate | 2024-12-18T19:04:09Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033317594 |
| oclc_num | 1312701682 |
| open_access_boolean | 1 |
| owner | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| owner_facet | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| physical | 1 Online-Ressource (39 Seiten) 21 x 29.7cm |
| psigel | ZDB-13-SOC |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Blöchliger, Hansjörg Verfasser aut Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes Hansjörg Blöchliger, Dae-Ho Song and Douglas Sutherland = Consolidation budgétaire : Partie 4. Études de cas de redressements budgétaires passés de grande envergure / Hansjörg Blöchliger, Dae-Ho Song et Douglas Sutherland Consolidation budgétaire : Partie 4. Études de cas de redressements budgétaires passés de grande envergure Paris OECD Publishing 2012 1 Online-Ressource (39 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper provides an analysis of large and sustained fiscal consolidation episodes in OECD countries implemented between 1980 and 2000. It reviews how fiscal policy variables evolved during these episodes, how consolidation was influenced by the wider economic environment, and how the political economy side helped trigger and sustain consolidation efforts. Results suggest that successful consolidation - as measured by deficit reduction and debt stabilisation or decline - was driven by spending cuts and to a lesser extent by revenue increases. Most episodes started on a basis of improving competitiveness following currency depreciation and, in turn, favourable growth prospects, closing output gaps and - with some lag - falling unemployment. Interest rates started to decline two years after consolidation had started, suggesting that it took some time to earn credibility. With regard to political economy, most consolidation episodes were implemented shortly after an election. More than half of the governments that had started consolidation were re-elected, and some even strengthened consolidation efforts after then. In some cases, an incoming government of a different political colour pursued consolidation Economics Song, Dae-Ho ctb Sutherland, Douglas ctb https://doi.org/10.1787/5k9fdf5xptlq-en Verlag kostenfrei Volltext |
| spellingShingle | Blöchliger, Hansjörg Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes Economics |
| title | Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes |
| title_alt | Consolidation budgétaire : Partie 4. Études de cas de redressements budgétaires passés de grande envergure |
| title_auth | Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes |
| title_exact_search | Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes |
| title_exact_search_txtP | Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes |
| title_full | Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes Hansjörg Blöchliger, Dae-Ho Song and Douglas Sutherland = Consolidation budgétaire : Partie 4. Études de cas de redressements budgétaires passés de grande envergure / Hansjörg Blöchliger, Dae-Ho Song et Douglas Sutherland |
| title_fullStr | Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes Hansjörg Blöchliger, Dae-Ho Song and Douglas Sutherland = Consolidation budgétaire : Partie 4. Études de cas de redressements budgétaires passés de grande envergure / Hansjörg Blöchliger, Dae-Ho Song et Douglas Sutherland |
| title_full_unstemmed | Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes Hansjörg Blöchliger, Dae-Ho Song and Douglas Sutherland = Consolidation budgétaire : Partie 4. Études de cas de redressements budgétaires passés de grande envergure / Hansjörg Blöchliger, Dae-Ho Song et Douglas Sutherland |
| title_short | Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes |
| title_sort | fiscal consolidation part 4 case studies of large fiscal consolidation episodes |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/5k9fdf5xptlq-en |
| work_keys_str_mv | AT blochligerhansjorg fiscalconsolidationpart4casestudiesoflargefiscalconsolidationepisodes AT songdaeho fiscalconsolidationpart4casestudiesoflargefiscalconsolidationepisodes AT sutherlanddouglas fiscalconsolidationpart4casestudiesoflargefiscalconsolidationepisodes AT blochligerhansjorg consolidationbudgetairepartie4etudesdecasderedressementsbudgetairespassesdegrandeenvergure AT songdaeho consolidationbudgetairepartie4etudesdecasderedressementsbudgetairespassesdegrandeenvergure AT sutherlanddouglas consolidationbudgetairepartie4etudesdecasderedressementsbudgetairespassesdegrandeenvergure |