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The confidence effects of fiscal consolidations
Beetsma, Roel; Cimadomo, Jacopo; Furtuna, Oana; … - 2015
We explore how fiscal consolidations affect private sector confidence, a possible channel for the fiscal transmission …) show that consolidations, and in particular their unanticipated components affect confidence negatively. The effects are … accurate picture of how consolidations affect confidence, we construct a monthly dataset of consolidation announcements based …
Persistent link: https://www.econbiz.de/10011605815
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The confidence effects of fiscal consolidations
Beetsma, Roel; Cimadomo, Jacopo; Furtuna, Oana; … - 2015
Persistent link: https://www.econbiz.de/10010516551
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The confidence effects of fiscal consolidations
Beetsma, Roel; Cimadomo, Jacopo; Furtuna, Oana; … - 2014
Persistent link: https://www.econbiz.de/10010440139
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The confidence effects of fiscal consolidations
Beetsma, Roel; Cimadomo, Jacopo; Furtuna, Oana; … - In: Economic policy : a European forum 83 (2015), pp. 439-489
Persistent link: https://www.econbiz.de/10011457458
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Fiscal consolidation in America: The policy options
Altshuler, Rosanne; Bosworth, Barry - 2011
This paper is focused on the options for reducing the U.S. fiscal deficit in the aftermath of the financial crisis. The first part of the paper is devoted to an assessment of the economic outlook and the impact of the financial crisis on the medium-term fiscal balance of the federal government....
Persistent link: https://www.econbiz.de/10010286962
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Fiscal consolidation in America : the policy options
Altshuler, Rosanne; Bosworth, Barry - 2011
This paper is focused on the options for reducing the U.S. fiscal deficit in the aftermath of the financial crisis. The first part of the paper is devoted to an assessment of the economic outlook and the impact of the financial crisis on the medium-term fiscal balance of the federal government....
Persistent link: https://www.econbiz.de/10009130507
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Quantitative Fiscal Rule to Consolidate and Shield the Colombian Public Finances
Lozano, Luis I. - 2010
their vulnerability in the future. If that rule were implemented this year, the government would attain savings of 0.7% of …
Persistent link: https://www.econbiz.de/10012758089
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Debt Control : An Alternative Route to a Balanced Budget
Larson, Sven R. - 2014
This paper discusses an alternative route to a balanced budget, namely through debt control. Two models are compared: the debt brake which has been used in Switzerland since 2003 and the debt limitation model proposed by Compact for America. The paper concludes that the former, while apparently...
Persistent link: https://www.econbiz.de/10013039778
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Governmental Accounting and Austerity Policies : Accounting Representations of Public Debt and Deficit in Europe and Abroad
Biondi, Yuri - 2016
This article provides a theoretical view on European Public Sector Accounting Standards (EPSAS), focusing on overarching accounting principles and models, as well as their consequences on the working and the very existence of public service activity. Our analysis applies to illustrative cases...
Persistent link: https://www.econbiz.de/10014159182
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The Political Economy of Fiscal Consolidation
Price, Robert - 2011
This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, ‘deficit bias', including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be...
Persistent link: https://www.econbiz.de/10013122783