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This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by...
Persistent link: https://www.econbiz.de/10009203541
This paper analyzes how fiscal and monetary policy typically respond during downturns in G7 countries. It evaluates whether discretionary fiscal responses to downturns are timely and temporary, and compares the response of fiscal policy to that of monetary policy. The results suggest that while...
Persistent link: https://www.econbiz.de/10005826429
discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and not by a …
Persistent link: https://www.econbiz.de/10009151218
For thirty years prominent voices have advocated a policy of starving the beast cutting taxes to force government …
Persistent link: https://www.econbiz.de/10008671300