Fiscal Adjustments In Oecd Countries
Download Fiscal Adjustments In Oecd Countries full books in PDF, epub, and Kindle. Read online free Fiscal Adjustments In Oecd Countries ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Fiscal Adjustments in OECD Countries
Author | : Mr.Alberto Alesina |
Publisher | : International Monetary Fund |
Total Pages | : 52 |
Release | : 1996-07-01 |
Genre | : Business & Economics |
ISBN | : 1451960433 |
Download Fiscal Adjustments in OECD Countries Book in PDF, Epub and Kindle
This paper 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 alterative explanations for these findings by studying both a full sample of OECD countries and by focusing on three case studies: Denmark, Ireland and Italy.
Fiscal Adjustments in OECD Countries Related Books
Pages: 52
Pages: 52
Pages: 56
Pages: 38
Pages: 44