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Distributional Effects of Fiscal Consolidation [PDF]
The Scandinavian Journal of Economics, 2002 If public goods and transfers are relatively more valuable to the poor, the elderly poor stand to lose from public debt reduction achieved through spending cuts. When long–term surpluses produced by debt reduction are recycled into higher provision of public goods and transfers, future generations of poor could gain.
Svend E. Hougaard Jensen +1 more
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Fiscal consolidations and heterogeneous expectations [PDF]
Journal of Economic Dynamics and Control, 2018 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Cars Hommes +2 more
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Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes [PDF]
OECD Economics Department Working Papers, 2012 This paper provides an analysis of large and sustained fiscal consolidation episodes in OECD countries implemented between 1980 and 2000. It reviews how fiscal policy variables evolved during these episodes, how consolidation was influenced by the wider economic environment, and how the political economy side helped trigger and sustain consolidation ...
Hansjörg Blöchliger +2 more
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Fiscal Consolidation: Part 2. Fiscal Multipliers and Fiscal Consolidations [PDF]
OECD Economics Department Working Papers, 2012 This paper looks at various aspects of fiscal consolidation in 18 OECD economies. The prospects for fiscal consolidation depend upon the problems the country may face with its debt stock, the political will to deal with these problems and on the costs of consolidation. The analysis is based on a series of simulations using the National Institute Global
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Do Political Factors Affect Fiscal Consolidation? Evidence From Spanish Regional Governments
SAGE Open, 2022 This paper empirically examines the political factors behind the different fiscal consolidation paths across Spanish regions over the period 2004 to 2017.
Alberto Vaquero-García +2 more
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OECD Economic Policy Papers, 2012 The economic and financial crisis was the catalyst for a fiscal crisis that engulfs many OECD countries. Consolidating public finances in order to address the consequences of the crisis, underlying weaknesses and also future spending pressures creates important challenges. Fiscal consolidation requires choices to be made about how much consolidation is
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Fiscal multipliers in South Africa after the global financial crisis
South African Journal of Economic and Management Sciences, 2022 Background: South Africa’s fiscal position has deteriorated considerably over the last 10 years, with debt levels reaching historical highs in the post-apartheid period.
Theo Janse van Rensburg +2 more
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Fiscal Consolidation During a Depression [PDF]
National Institute Economic Review, 2012 In 2009-10, the UK's budget deficit was about 11 per cent of GDP. A credible plan for fiscal consolidation was introduced in the UK over the fiscal years 2011-12 to 2016-17. In this paper, we assess the impact of the scale and timing of this fiscal consolidation programme on output and unemployment in the UK.
Nitika Bagaria +2 more
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Effects of fiscal consolidation in Western Balkan Countries [PDF]
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2019 The global economic crisis has not spared the countries of the Western Balkans. The ensuing recession, characterized by a decline in economic activity, a decline in consumption and an increase in unemployment, went hand in hand with drops in public ...
Milenko Krajišnik +2 more
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Economies, 2023 This paper investigates the effects of macroeconomic uncertainty on economic growth in the presence of fiscal consolidation in South Africa. Markov-switching dynamic regression (MSDR) and time-varying parameter vector autoregression (TVP-VAR) were ...
Eugene Msizi Buthelezi
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