The output effect of fiscal consolidations
WebbSpillovers can amount up to half (resp. one sixth) of the domestic impact in the case of VAT‑based (resp. spending‑based) consolidations. Outside the ZLB, fiscal expansion in one region ... WebbSanz (2011) examines the impact of fiscal consolidations on the composition of government expenditure drawing on a sample of 25 OECD countries over the period 1970-2007.
The output effect of fiscal consolidations
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WebbSome authors even find that spending-based consolidations have the highest probability to bring down the public debt ratio because it induces expansionary output effects, also in the short-run (Alesina and Perotti, 1996 and Alesina and Ardagna, 2012). WebbThe simulation of the fiscal plans adopted by 16 OECD countries over a 30-year period supports the hypothesis that the effects of consolidations depend on their design. Fiscal …
Webb"Volume 2013 (2013): Issue 195 (Sep 2013): Distributional Consequences of Fiscal Consolidation and the Role of Fiscal Policy: What Do the Data Say?" published on 17 Sep … WebbWe have examined the fiscal consolidation episodes in a group of OECD countries from 2009 to 2014. The range of the estimated short-term fiscal multiplier runs from 1.2% to …
WebbThe effect on output growth of EB plans is indistinguishable from zero for about two years and then becomes significantly positive, while TB adjustments lead to deep recessions. The component of aggregate demand which seems to explain these differences in all countries, not only Canada, is investment, which is correlated with investor confidence. WebbFiscal adjustments have especially low output costs when they consist of permanent rather than stop and go. The difference cannot be explained by accompanying policies, including monetary policy, and appears to be mainly due to the different response of …
Webb1 juli 2015 · The output effect of fiscal consolidation plans☆ Tax-based and spending-based stabilizations: theory and empirical evidence. Gathering empirical evidence on the …
WebbEpisodes of fiscal consolidation have short- and medium-term output effects, but here, too, composition matters: fiscal consolidations based on reducing public investment have the largest effect on output, while fiscal consolidations based on revenue mobilization are less harmful than those based on public investment cuts. sharpie 12 ct highlightersWebb31 dec. 2014 · The third scientific question concentrates on the ways the fiscal consolidations were implemented and the potential influence of consolidations strategies on short ... are convinced that longer-term benefits from fiscal consolidation are in a trade-off with short-term deceleration in output growth. However, more recent research ... pork shoulder instant pot minutesWebb15 dec. 2024 · This paper examines the output effects of changes in public expenditure and revenue in sub-Saharan African countries during 1990–2016. Fiscal multipliers in … sharp iciclesWebbLeigh (2013) regarding fiscal policy multipliers. Using data seven years after the beginning of the crisis as well as estimates on potential output our analysis suggests that attempts … pork shoulder in slow cooker recipeWebbThis paper tests five hypotheses explaining thesuccess and failure of fiscal consolidation in amultivariate regression framework. These hypothesesconcern (i) the composition of … pork shoulder instant pot roastWebbThe experience of Denmark and some other countries has given rise to a debate on the possibility that fiscal consolidations may be expansionary: that is, they may actually … pork shoulder instant pot carnitasWebbPast events suggest a positive short-term effect, while the most-relevant medium-term effect seems to be negative. On the whole, savings-based fiscal consolidations are to be preferred in any case. Fiscal Consolidations and Public Debt in Europe No 2013-35 – November Working Paper Gianluca Cafiso & Roberto Cellini sharp iclub