On the Determinants of Fiscal Adjustment

Tomomi Miyazaki

International Economic Journal, 2012, vol. 26, issue 1, 23-36

Abstract: This paper examines the role that fragmentation of the government's fiscal policymaking process plays in determining the size (or performance) of deficit reductions during periods of fiscal adjustment. The results show that the fiscal target is effective for reducing public deficits during periods of fiscal adjustment in European countries. However, in non-European countries the political leadership of single-party majority governments is the key determinant of deficit reduction.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:taf:intecj:v:26:y:2012:i:1:p:23-36

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DOI: 10.1080/10168737.2012.653223

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