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Alesina, Alberto; Ciminelli, Gabriele; Furceri, Davide; … - 2021

Conventional wisdom holds that voters punish governments that implement fiscal austerity. Yet, most empirical studies, which rely on ex-post yearly austerity measures, do not find supportive evidence. This paper revisits the issue using action-based, real-time, ex-ante measures of fiscal...

Persistent link: https://www.econbiz.de/10012613677

Redistribution Through Public Employment : The Case of Italy

Danninger, Stephan - 1999

This paper examines the regional distribution of public employment in Italy and documents two sets of facts. The first … is the use of public employment as a subsidy from the North to the less wealthy South. We calculate that about half of … the wage bill in the South of Italy can be identified as a subsidy, with both the size of public employment and wage …

Persistent link: https://www.econbiz.de/10014400388

Regulation and Investment

Alesina, Alberto; Ardagna, Silvia; Nicoletti, Giuseppe; … - 2003

One commonly held view about the difference between continental European countries and other OECD countries, especially the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in several sectors of many OECD countries, we provide...

Persistent link: https://www.econbiz.de/10012444698

Fiscal Adjustments in OECD Countries : Composition and Macroeconomic Effects

Alesina, Alberto - 1996

This paper studies how the composition of fiscal adjustments influences their likelihood of “success”, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage...

Persistent link: https://www.econbiz.de/10014396127

The Political Economy of Budget Deficits

Alesina, Alberto - 1994

This paper provides a critical survey of the literature on politico-institutional determinants of the government budget. We organize our discussion around two questions: Why did certain OECD countries, but not others, accumulate large public debts? Why did these fiscal imbalances appear in the...

Persistent link: https://www.econbiz.de/10014396523

Budget Deficits and Budget Institutions

Alesina, Alberto - 1996

By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We critically assess theoretical contributions in this area...

Persistent link: https://www.econbiz.de/10014396357