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Publicação
Assessing Fiscal Episodes
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| 2.36 MB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
In an OCDE panel, for the period 1970-2010, we assess the effects of fiscal
consolidation episodes, with four different definitions. Our results reveal that lower
final government consumption would increase private consumption in three out of the four approaches, when there is a fiscal consolidation, and the debt ratio is above
the cross-country average. The change in the cyclically adjusted primary balance and
the duration of the consolidation episode contribute for the success of the
consolidation, and the opposite applies if the latter is more based on the revenue side.
Finally, the effects of social transfers on private investment tend to be negative.
Descrição
Palavras-chave
Fiscal Consolidation Non-Keynesian Effects Panel Data Logit
Contexto Educativo
Citação
Afonso, António, João Tovar Jalles. 2011. "Assessing fiscal episodes". Instituto Superior de Economia e Gestão - DE Working papers nº 15-2011/DE/UECE
Editora
ISEG. Departamento de Economia