Fiscal consolidation
Fiscal consolidation and unemployment: does EPL matter?: A look at EU countries
... that fiscal consolidation has no very different effects in more and less reg- ulated labour markets runs against the ...countries fiscal policy shocks destroy less jobs but also lead to a stronger ...
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The dynamics of Spanish public debt and sustainable paths for fiscal consolidation
... Spanish fiscal balances has worsened the debt ...a fiscal consolidation plan is necessary to place Spain’s public finances on a sustainable ...overall fiscal deficit-to-GDP- ratio to 3% to ...
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Asset Liquidity and Fiscal Consolidation Programs
... Figure 5 shows the other step of the mechanism which states that economies with more financially constrained agents react less to fiscal consolidation policies and so the fiscal multipliers are ...
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Fiscal consolidation in a low inflation environment: pay cuts versus lost jobs
... Our analysis has highlighted the role of the labor market channels in driving the effects of fiscal consolidation through public wage bill cuts. We now explore the extent to which mut- ing the reallocation ...
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Fiscal Consolidation Programs and Income Inequality
... of fiscal consolidation ...of fiscal consolidations on economic activity for a sample of OECD countries, using the narrative approach as in Romer and Romer (2010), finding that a 1% fiscal ...
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Effects of fiscal consolidation on exports in Ukraine
... that fiscal policy may cause effects on exports through the exchange rate or price ...that fiscal consolidation has an impact on exports only when trading partners have independent currencies ...
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"Fiscal consolidation processes in the European Union"
... of fiscal pressure used before (tax increase) by 2017 will enable reduction of the budget deficit, subject to a significant increase in the efficiency of budget ...of fiscal pressure, in the next three ...
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Budget Rules, Fiscal Consolidation and Government Spending:Implications for Federal Transfers
... Budget Rules, Fiscal Consolidation and Government Spending:Implications for Federal Transfers Pinaki, Chakraborty National Institute of Public Finance and Policy NIPFP, New Delhi, Centre[r] ...
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Fiscal Consolidation and Decentralisation : A Tale of Two Tiers
... examined fiscal consolidation attempts and concluded that the composition of the consolidation effort is a crucial determinant of the ultimate effect on ...of fiscal balances. Indeed, ...
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The dynamics of Italian public debt: Alternative paths for fiscal consolidation
... This paper analyses the dynamics of the Italian government debt-to-GDP ratio using a small- scale model. Our approach follows earlier works of Favero (2002), Favero and Marcellino (2005), and Hasko (2007). Adopting ...
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Multi-level governance in fiscal consolidation and stabilisation
... national fiscal consolidation over stabilisation of the ...of fiscal expansion had definitely come to an end and were replaced by the bleak vision of ‘permanent fiscal austerity’ ...increasing ...
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Fiscal consolidation : Dr Pangloss meets Mr Keynes
... of fiscal consolidation, operating in two regimes – with and without ‘multiplier effects’ of expenditure ...and fiscal adjustment along lines envisaged by the Maastricht Treaty has purely allocative ...
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Effects of Fiscal Policy Shocks in the Euro Area (Lessons Learned from Fiscal Consolidation)
... measure fiscal consolidation and to evaluate a success of fiscal consolidation ...of fiscal adjustment ...(1) Fiscal consolidation is the year at which CAPB improves by at ...
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A case for adjusting fiscal consolidation in the eurozone European Policy Brief No 14, January 2013
... on fiscal multipliers highlights two key ...of fiscal consolidation on growth is larger during a ...of fiscal consolidation, pace and coordination matters. Some fiscal space ...
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Fiscal consolidation with tax evasion and corruption
... of fiscal consolidation on exports or imports, we consider a closed ...the fiscal authorities and convicted of tax evasion, in which case they pay a penalty, and the employment match is ...
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Fiscal Consolidation and Employment Loss
... studies fiscal consolidation within DSGE ...how fiscal consolidation can harm output in a monetary ...expenditure-based consolidation depresses output by more than a tax-based ...
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On the drivers of fiscal consolidation attempts : a Bayesian approach : a thesis presented in partial fulfilment of the requirements for the degree of Master of Business Studies in Economics at Massey University
... why fiscal consolidation might be postponed, or insufficiently carried out, is that the incumbent government fears to lose popularity and, as a consequence, will be replaced in the next ...tackle ...
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Bringing Domestic Preferences Back Into the Budget: The Politics of Fiscal Consolidation in Italy (1992-1998)
... and fiscal institutions, domestic preferences seem to be paramount in the determination of the reform ...of consolidation because they value differently the role of the State in the ...budget ...
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Explaining Variations in Patterns of Fiscal Consolidation
... of fiscal consolidation, measured in terms of change in the fiscal situation between one time period and the next (Alesina and Perotti 1995a; Hallerberg et ...of fiscal consolidation ...
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Fiscal Politics in Time : Pathways to Fiscal Consolidation, 1980-2012
... of fiscal deficits, supposed to have been banished into irrelevance by the Maastricht convergence rules adopted in 1992 and by the advent of the Euro in 2000, once again tops the agenda of European societies, ...
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