Fiscal Expansions and Fiscal Adjustments in OECD Countries
Author | : Alberto Alesina |
Publisher | : |
Total Pages | : 56 |
Release | : 1995 |
ISBN-10 | : UCSD:31822023409071 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Fiscal Expansions and Fiscal Adjustments in OECD Countries written by Alberto Alesina and published by . This book was released on 1995 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers budget expansions and adjustments in OECD countries in the last three decades. Our main results are: i) on average fiscal expansions are the results of increases in expenditures, particularly of transfer programs, while contractions are typically due to tax increases; ii) however successful (i.e. long lasting), a minority of the total rely primarily on reduction of government wages and employment and cuts in transfer programs; iii) even major successful fiscal adjustments do not seem to have recessionary consequences, on average; iv) different types of governments show different degrees of success at implementing successful fiscal adjustment, with coalition governments showing the worst performance.