| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9105 |
| DP9105 The output effect of fiscal consolidations | |
| Francesco Giavazzi; Alberto Alesina; Carlo A. Favero | |
| 发表日期 | 2012-08-26 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Fiscal consolidations achieved by means of spending cuts are much less costly in terms of output losses than tax-based ones. The difference cannot be explained by accompanying policies, including monetary policy, and it is mainly due to the different response of business confidence and private investment. We obtain these results by studying the effects of the adoption of fiscal consolidation plans (rather than isolated shocks), that is combinations of tax increases and spending cuts, some unanticipated, other anticipated, in a sample of 16 OECD economies. |
| 主题 | International Macroeconomics |
| 关键词 | Confidence Fiscal adjustment investment Output |
| URL | https://cepr.org/publications/dp9105 |
| 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/537938 |
| 推荐引用方式 GB/T 7714 | Francesco Giavazzi,Alberto Alesina,Carlo A. Favero. DP9105 The output effect of fiscal consolidations. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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