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The U.S. Current Account and the Dollar
Blanchard, Olivier J.; Giavazzi, Francesco; Sá, Filipa - 2021
much more is to come, and if so, against which currencies, the euro, the yen, or the renminbi. Our purpose in this paper is … euro …
Persistent link: https://www.econbiz.de/10013224715
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The Output Effect of Fiscal Consolidations
Alesina, Alberto F. - 2012
The present paper argues that the correct experiment to evaluate the effects of a fiscal adjustment is the simulation of fiscal plans rather than of individual fiscal shocks. The simulation of the fiscal plans adopted by 16 OECD countries over a 30-year period supports the hypothesis that the...
Persistent link: https://www.econbiz.de/10013101511
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The Effects of Fiscal Consolidations : Theory and Evidence
Alesina, Alberto F. - 2017
We investigate the macroeconomic effects of fiscal consolidations based upon government spending cuts, transfers cuts and tax hikes. We extend a narrative dataset of fiscal consolidations, with details on over 3500 measures for 16 OECD countries. We show that government spending cuts and cuts in...
Persistent link: https://www.econbiz.de/10012956924
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Economic and Political Liberalizations
Giavazzi, Francesco; Tabellini, Guido - 2021
liberalizations correspond to the event of becoming a democracy. Using a difference-in-difference estimation, we ask what are the …
Persistent link: https://www.econbiz.de/10013247214