longer, but also the composition of the cutbacks in expenditure differs, with a greater reliance on cuts to nondurable … expenditure than was seen in previous recessions, and the distributional pattern across individuals differs. The young have cut … back expenditure more than the old, as have mortage holders compared to renters. By contrast, the impact of the recession …

ministers can raise their reputation purely with new or more extensive expenditure programs, whereas solely the finance minister …

Consolidation -- Fiscal Deficits -- The Size of Government -- The Composition of Expenditures and Structure of Taxes -- Creating … -- Annex 3B. Composition of Public Expenditures, Structure of Taxes, and Growth in ECA Countries, 1995-2004: Econometric … 2. Selected Issues in Public Expenditure -- 4. Infrastructure -- Infrastructure and Economic Growth -- The Legacy of …