Verfügbarkeit: Expansionary Austerity New International Evidence

Expansionary Austerity New International Evidence:

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding t...

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1. Verfasser:	Leigh, Daniel (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2011
Schriftenreihe:	IMF Working Papers Working Paper No. 11/158
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects
Beschreibung:	1 Online-Ressource (40 p)
ISBN:	1455294691 9781455294695

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spelling	Leigh, Daniel Verfasser aut Expansionary Austerity New International Evidence Leigh, Daniel Washington, D.C International Monetary Fund 2011 1 Online-Ressource (40 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/158 This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects Online-Ausg Guajardo, Jaime Sonstige oth Pescatori, Andrea Sonstige oth http://elibrary.imf.org/view/IMF001/11989-9781455294695/11989-9781455294695/11989-9781455294695.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Leigh, Daniel Expansionary Austerity New International Evidence
title	Expansionary Austerity New International Evidence
title_auth	Expansionary Austerity New International Evidence
title_exact_search	Expansionary Austerity New International Evidence
title_exact_search_txtP	Expansionary Austerity New International Evidence
title_full	Expansionary Austerity New International Evidence Leigh, Daniel
title_fullStr	Expansionary Austerity New International Evidence Leigh, Daniel
title_full_unstemmed	Expansionary Austerity New International Evidence Leigh, Daniel
title_short	Expansionary Austerity New International Evidence
title_sort	expansionary austerity new international evidence
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