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来源类型Working Paper
规范类型报告
DOI10.3386/w17655
来源IDWorking Paper 17655
The Electoral Consequences of Large Fiscal Adjustments
Alberto F. Alesina; Dorian Carloni; Giampaolo Lecce
发表日期2011-12-08
出版年2011
语种英语
摘要The conventional wisdom regarding the political consequences of large reductions of budget deficits is that they are very costly for the governments which implement them: they are punished by voters at the following elections. In the present paper, instead, we find no evidence that governments which quickly reduce budget deficits are systematically voted out of office in a sample of 19 OECD countries from 1975 to 2008. We also take into consideration issues of reverse causality, namely the possibility that only "strong and popular" governments can implement fiscal adjustments and thus they are not voted out of office "despite" having reduced the deficits. In the end we conclude that many governments can reduce deficits avoiding an electoral defeat.
主题Public Economics ; Taxation ; National Fiscal Issues
URLhttps://www.nber.org/papers/w17655
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/575329
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GB/T 7714
Alberto F. Alesina,Dorian Carloni,Giampaolo Lecce. The Electoral Consequences of Large Fiscal Adjustments. 2011.
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