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Fiscal expansions and fiscal adjustments in OECD countries

Author: Alberto Alesina; Roberto Perotti; National Bureau of Economic Research.
Publisher: Cambridge, MA : National Bureau of Economic Research, ©1995.
Series: Working paper series (National Bureau of Economic Research), working paper no. 5214.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Abstract: 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  Read more...
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Additional Physical Format: Print version:
Alesina, Alberto.
Fiscal expansions and fiscal adjustments in OECD countries.
Cambridge, MA : National Bureau of Economic Research, ©1995
(OCoLC)33188926
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Alberto Alesina; Roberto Perotti; National Bureau of Economic Research.
OCLC Number: 51508663
Notes: "August 1995."
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (38 pages).
Details: 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.
Series Title: Working paper series (National Bureau of Economic Research), working paper no. 5214.
Responsibility: Alberto Alesina, Roberto Perotti.

Abstract:

Abstract: 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.

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