Fiscal adjustments in OECD countries Download PDF EPUB FB2
Fiscal expansions and fiscal adjustments in OECD countries. Cambridge, MA: National Bureau of Economic Research, © (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Alberto Alesina; Roberto Perotti; National Bureau of Economic Research.
Additional Physical Format: Online version: Alesina, Alberto. Fiscal adjustments in OECD countries. [Washington, D.C.]: International Monetary Fund, European I Dept. Downloadable. We use a panel of 21 OECD countries from to to investigate the effects of different fiscal adjustment strategies on long-term interest rates – a key fiscal indicator reflecting the costs of government debt service.
A government confronted with high deficits and rising debt will sooner or later need to enact fiscal adjustments in order to avoid solvency. "This paper examines the evidence on fiscal adjustments in OECD countries from the early s to today.
The results shed light on the recently observed phenomenon of fiscal tightening that. A fiscal adjustment is a reduction in the government primary budget deficit, and it can result from a reduction in government expenditures, an increase in tax revenues, or both simultaneously.
There is no a clear consensus about the definition of fiscal adjustment, but it is commonly understood as a process, instead of as a status: governments run fiscal deficits, fiscal.
On the contrary fiscal adjustments which rely primarily on tax increases and cuts in public investment tend not to last and are contractionary. We discuss alterative explanations for these findings by studying both a full sample of OECD countries and by focusing on three case studies: Denmark, Ireland and by: Alesina, Alberto, and Roberto Perotti.
“Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects.” IMF Staff Papers Cited by: Fiscal Adjustments in Transition Economies Transfers and the Efficiency of Public Spending: A Comparison with OECD Countries Share Page. Add to Favorites Social security contributions and outlays in the economies of Central Europe do not differ much from those in the OECD countries, so experience in the OECD countries is relevant to.
Abstract: Using data from 16 OECD countries from to we specify a model that determines the output eﬀect of fiscal adjustments as a function of the composition of the adjustment and the state of the cycle.
The Design of Fiscal Adjustments Alberto Alesina, Silvia Ardagna. Chapter in NBER book Tax Policy and the Economy, Volume 27 (), Jeffrey R. Brown, editor (p.
19 - 67) Conference held Septem Published in October by University of Chicago PressCited by: The Persistence of Fiscal Adjustments in Developing Countries Article (PDF Available) in Applied Economics Letters 11(4) February with 52 Reads How we measure 'reads'.
This analysis finds, for a sample of 17 OECD countries for the period –, that fiscal consolidations tend to lead to an increase in income inequality in the short and medium terms. Typical fiscal consolidations lead to an increase in income inequality on the order of – units (corresponding to a Gini index point) in the short.
Challenges to Fiscal Adjustment in Latin America: The Cases of Argentina, Brazil, Chile and Mexico - Executive Summary This volume discusses fiscal performance and structural reform in the fiscal area in Latin America since the s, with emphasis on.
The Electoral Consequences of Large Fiscal Adjustments Alberto Alesina, Dorian Carloni, Giampaolo Lecce. Chapter in NBER book Fiscal Policy after the Financial Crisis (), Alberto Alesina and Francesco Giavazzi, editors (p.
- ) Conference held DecemberPublished in June by University of Chicago Press. Fiscal Adjustment and Survival Analysis. The composition of fiscal adjustment is critical for the persistence of consolidation episodes. Many studies have analyzed episodes of fiscal adjustment in industrial countries, including Alesina and Perotti (), Alesina and Ardagna (), and Alesina, Perotti, and Tavares ().These studies focused on episodes of successful and.
Large fiscal adjustments have attracted much interest in previous analytical studies. However, previous efforts focused on ex post successes, identifying successful fiscal adjustment episodes on the basis of the largest observed improvements in the government debt or the fiscal balance—an approach followed for both advanced economies (for example, Cited by: 6.
Data and research on transfer pricing e.g. Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, transfer pricing country profiles, business profit taxation, intangibles, This edition of the OECD Transfer Pricing Guidelines incorporates the substantial revisions made in to reflect the clarifications and revisions agreed in the.
Using data from 21 countries in the Organisation for Economic Co-operation and Development (OECD) from toAlesina and Ardagna found that successful fiscal adjustments reduced debt-to.
Caribbean economies face high and rising debt-to-GDP ratios that jeopardize prospects for medium-term debt sustainability and growth. This book provides a comprehensive analysis of the challenges of fiscal consolidation and debt reduction in the Caribbean.
It examines the problem of high debt in the region and discusses policy options for improving debt sustainability, including. ‘This is a timely, important book for fiscal policy-makers and budget practitioners.
It assesses why some advanced democracies were prepared for the global financial crisis and others were not, and how some countries responded in ways that exacerbated fiscal instability. This paper investigates whether monetary and exchange rate policies are important for the success of major fiscal adjustments.
We assess their role controlling for other determinants of success identified in the literature, including the size and composition of the deficit cut, the level of public debt and the rate of economic by: Tales of Market Pressure and Fiscal Adjustment, IMF Working Paper WP/13/, Washington Eisenkopf G., Negative Weights for Performance Measures, International Public Management Journal, European Commission, European Union Public Finance: New book edition released, Brussels IMF, Fiscal Monitor, Washington Author: Marta Postuła.
both the OECD Guidelines and many countries allow transfer prices to be tested on a multi-year basis. Out of period adjustments The other approach to ensure that results match the stated transfer-pricing policy is to make year-end adjustments.
Such lump-sum adjustments are typically made around or after the last day of a. This chapter discusses national economic policies in different major organization of economic cooperation and development (OECD) countries like Austria, Sweden, Canada, and Australia. The objective of full employment has always been given very high priority in Swedish economic policy, independently of the party in power.
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account.
Change style powered by CSL. Popular AMA APA (6th edition) APA (7th Fiscal Expansions and Adjustments in OECD Countries - Economic Policy. In-text: (Alesina and Perotti, ) Your Bibliography: Alesina, A.
and Perotti, R., Fiscal Expansions and Adjustments in OECD Countries. Economic Policy, [online] 10(21), p Available at.
'This is a timely, important book for fiscal policy-makers and budget practitioners. It assesses why some advanced democracies were prepared for the global financial crisis and others were not, and how some countries responded in ways that exacerbated fiscal by: 2.
Provides the first systematic analysis of the rise and diffusion of the idea of expansionary fiscal contractions (besides Blyth's book). Uses comparative case studies to assess the actual influence of this policy idea during the Great by: The impact of fiscal policy on economic growth. A case Study of Pakistan () - Ruman Khan - Term Paper - Economy - Theory of Competition, Competition Policy - Publish your bachelor's or master's thesis, dissertation, term paper or essay.
Other definitions are possible—for instance, looking at GDP growth relative to other countries in the sample.
Expenditure-based fiscal corrections that resulted in GDP growth higher than the average, for the same period, of other countries in our sample included Austria, Denmark, and Ireland in the s and Canada, Spain, and Sweden in the.
Sustained monetary policy support also continues to underpin activity. However, overall, fiscal policy appears set to offer less support than desirable in most countries; in the median OECD economy, fiscal easing is projected to remain modest at around % of GDP inwith little further easing projected in (see below).
Interesting working paper from the Fund-Fiscal Adjustments: Determinants and Macroeconomic Consequences;Summary: The paper analyzes the determinants of success of recent fiscal consolidations in the OECD countries as well as the short-run and long-run effects of fiscal adjustments on economic activity by looking at fourteen case studies, panel data for .book Tax Policy and the Economy, 24, ; “Fiscal Expansions and Adjustments in OECD Countries”.
Economic Policy, 21, ; • Alesina, A. and Perotti R. (). “Fiscal Expansions in OECD Countries: Composition and Macroeconomic •OECD ().
"The experience with fiscal consolidation in OECD countries", Economic Outlook.