EconPapers    
Economics at your fingertips  
 

Uncertain Fiscal Consolidations

Huixin Bi (), Eric Leeper () and Campbell Leith ()

No 17844, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The paper explores the macroeconomic consequences of fiscal consolidations whose timing and composition are uncertain. Drawing on the evidence in Alesina and Ardagna (2010), we emphasize whether or not the fiscal consolidation is driven by tax rises or expenditure cuts. We find that the composition of the fiscal consolidation, its duration, the monetary policy stance, the level of government debt and expectations over the likelihood and composition of fiscal consolidations all matter in determining the extent to which a given consolidation is expansionary and/or successful in stabilizing government debt.

JEL-codes: E3 E31 E52 E62 (search for similar items in EconPapers)
Date: 2012-02
New Economics Papers: this item is included in nep-cba, nep-mac and nep-pbe
Note: EFG
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14) Track citations by RSS feed

Published as Huixin Bi & Eric M. Leeper & Campbell Leith, 2013. "Uncertain Fiscal Consolidations," Economic Journal, Royal Economic Society, vol. 0, pages F31-F63, 02.

Downloads: (external link)
http://www.nber.org/papers/w17844.pdf (application/pdf)

Related works:
Journal Article: Uncertain Fiscal Consolidations (2013) Downloads
Working Paper: Uncertain Fiscal Consolidations (2013) Downloads
Working Paper: Uncertain Fiscal Consolidations (2012) Downloads
Working Paper: Uncertain Fiscal Consolidations (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:nbr:nberwo:17844

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w17844

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2020-11-25
Handle: RePEc:nbr:nberwo:17844