The Design of Fiscal Adjustments
This paper offers three results. First, in line with the previous literature, we confirm that fiscal adjustments based mostly on the spending side are less likely to be reversed. Second, spending-based fiscal adjustments have caused smaller recessions than tax-based fiscal adjustments. Finally, certain combinations of policies have made it possible for spending-based fiscal adjustments to be associated with growth in the economy even on impact rather than with a recession. Thus, expansionary fiscal adjustments are possible.
Year of publication: |
2013
|
---|---|
Authors: | Alesina, Alberto ; Ardagna, Silvia |
Published in: |
Tax Policy and the Economy. - University of Chicago Press. - Vol. 27.2013, 1, p. 19-19
|
Publisher: |
University of Chicago Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Alesina, Alberto, (2010)
-
Ardagna, Silvia, (1998)
-
Who Adjusts and When?The Political Economy of Reforms
Alesina, Alberto, (2006)
- More ...