| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12655 |
| DP12655 What do we know about the effects of austerity? | |
| Carlo A. Favero; Francesco Giavazzi; Alberto Alesina | |
| 发表日期 | 2018-01-26 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | This paper summarizes the results of a large recent literature on multi year fiscal plans for deficit reduction (austerity). The key results are that deficit reduction policies based upon spending cuts are much less costly in terms of short run output losses than tax based adjustments. On average fiscal adjustment based upon spending cuts have very samll otput costs and in come cases they are expansionary. We then discuss which possible models can explain these findings and discuss how the evidence can disentangle them. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Austerity |
| URL | https://cepr.org/publications/dp12655 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541467 |
| 推荐引用方式 GB/T 7714 | Carlo A. Favero,Francesco Giavazzi,Alberto Alesina. DP12655 What do we know about the effects of austerity?. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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