Title Fiscal adjustments in OECD countries : composition and macroeconomic effects / Alberto Alesina, Roberto Perotti

Published Cambridge, MA : National Bureau of Economic Research, ©1996

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Description 1 online resource (46 pages) : illustrations Series NBER working paper series ; working paper 5730 Working paper series (National Bureau of Economic Research) ; working paper no. 5730. Summary Abstract: This ppaer studies how the composition of fiscal adjustments influences their likelihood of success, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage bill have a better chance of being successful and are expansionary. On the contrary fiscal adjustments which rely primarily on tax increases and cuts in public investment tend not to last and are contractionary. We discuss alternate explanations for these findings by studying both a full sample of OECD countries and by focusing on three case studies: Denmark, Ireland and Italy Bibliography Includes bibliographical references (pages 44-46) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Fiscal policy -- OECD countries Deficit financing -- OECD countries Taxation -- OECD countries Deficit financing Employees -- Salaries, etc. Expenditures, Public Fiscal policy Taxation Structure and Scope of Government. Fiscal Policy. SUBJECT OECD countries -- Appropriations and expenditures OECD countries -- Officials and employees -- Salaries, etc Subject OECD countries Form Electronic book Author Perotti, Roberto National Bureau of Economic Research.

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