EconPapers    
Economics at your fingertips  
 

The Design of Fiscal Adjustments

Alberto Alesina and Silvia Ardagna

Tax Policy and the Economy, 2013, vol. 27, issue 1, 19 - 68

Abstract: This paper offers three results. First, in line with the previous literature, we confirm that fiscal adjustments based mostly on the spending side are less likely to be reversed. Second, spending-based fiscal adjustments have caused smaller recessions than tax-based fiscal adjustments. Finally, certain combinations of policies have made it possible for spending-based fiscal adjustments to be associated with growth in the economy even on impact rather than with a recession. Thus, expansionary fiscal adjustments are possible.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (102)

Downloads: (external link)
http://dx.doi.org/10.1086/671243 (application/pdf)
http://dx.doi.org/10.1086/671243 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
Chapter: The Design of Fiscal Adjustments (2013) Downloads
Working Paper: The Design of Fiscal Adjustments (2013) Downloads
Working Paper: The design of fiscal adjustments (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:tpolec:doi:10.1086/671243

Access Statistics for this article

More articles in Tax Policy and the Economy from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().

 
Page updated 2025-03-20
Handle: RePEc:ucp:tpolec:doi:10.1086/671243