G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w24246
来源IDWorking Paper 24246
What do we know about the effects of Austerity?
Alberto F. Alesina; Carlo Favero; Francesco Giavazzi
发表日期2018-01-29
出版年2018
语种英语
摘要This paper summarizes the results of a large recent literature on multi year fiscal plans for deficit reduction (austerity). The key results are that deficit reduction policies based upon spending cuts are much less costly in terms of short run output losses than tax based adjustments. On average fiscal adjustment based upon spending cuts have very small output costs and in some cases they are expansionary. We then discuss which possible models can explain these findings and discuss how the evidence can disentangle them.
主题Macroeconomics ; Public Economics
URLhttps://www.nber.org/papers/w24246
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/581920
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Alberto F. Alesina,Carlo Favero,Francesco Giavazzi. What do we know about the effects of Austerity?. 2018.
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