| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP5320
|
| DP5320 The Cycle of Violence? An Empirical Analysis of Fatalities in the Palestinian-Israeli Conflict |
| David Jaeger; Daniele Paserman
|
| 发表日期 | 2005-10-18
|
| 出版年 | 2005
|
| 语种 | 英语
|
| 摘要 | The EU fiscal framework has often been criticized for neglecting a possible trade-off between short-term budgetary objectives and the implementation of reforms that could improve public finances in the long term This concern was reflected in the recent reform of the Stability and Growth Pact, which acknowledges that under certain conditions structural reforms can be taken into account both in the preventive and in the corrective arm of the Pact.
The aim of the paper is that of making a step forward on the understanding of the empirical relevance of the trade-off between structural reforms in EU countries. The analysis will focus on product and labour market reforms and pension reforms. The main issue investigated will be as follow: which impact do reforms have on budgets in the short term?
Results show that, in the aftermath of reforms, budgets do not worsen significantly compared with cases where no reforms occur. However, when the short-term budgetary impact of reforms is evaluated controlling for the response of fiscal authorities to the cycle and debt developments via the estimation of ?fiscal reaction functions?, there is evidence that product and market reforms and pension reforms are associated with a deterioration in budgets. The impact appears rather weak (a primary CAB reduced by few decimal GDP points depending on the specific reform considered) and not always statistically significant. |
| 主题 | International Macroeconomics
; International Trade and Regional Economics
|
| 关键词 | Deficits
Structural reforms
Stability and growth pact
|
| URL | https://cepr.org/publications/dp5320
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534134
|
推荐引用方式
GB/T 7714 |
David Jaeger,Daniele Paserman. DP5320 The Cycle of Violence? An Empirical Analysis of Fatalities in the Palestinian-Israeli Conflict. 2005.
|
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